By some accounts, that jobs report should be just what the doctor ordered, although we’ll see how things shake out over the course of the day.
We got a “bigly” beat on the headline print and an underwhelming AHE number which seems to be precisely what stocks needed.
— Walter White (@heisenbergrpt) March 9, 2018
The knee-jerk in futs is of course higher:
Small uptick in yields reflecting the good growth backdrop but also the notion that the AHE miss doesn’t portend an overly aggressive Fed:
And the dollar and gold are as confused as everyone else apparently is at the seemingly conflicting signals: