Employment Report Rocks Markets
The May Employment Report
lived up to the hype as Non-Farm Payrolls showed growth way below expectations
leading to a surge in activity across the markets.
Treasuries jumped sharply higher, pushing yields lower as traders bet the Fed
will be forced to stop raising interest rates (more).
The US Dollar Index tumbled as the Dollar was dumped by traders across the
All the metals ended the week on a strong note, rallying in the face of a weaker
Energy prices soared, with June Crude Oil futures +2.83% to close at $72.33.
Unleaded Gas +3.30% was the biggest gainer on a percentage basis.
May Employment Report – Up 75K; Unemployment Rate At 4.6% (report)
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