Its Over, page-12927

390k jobs report was a good report, the US market cheered for it as first reaction but in the absence of "bad news is good news", despair returned over hope as the Dow retraced back 349pts and the S&P500 was 1.63% lower and the Nasdaq dragged down 2.47% by Tesla's 9% plunge , Apple -3.86% , Meta -4%, NVIDIA -4.45%. To top it off, Oil shot to US$120 and is the only sector that was in the green. Higher for longer inflation narrative is reflected in the US 10 year yield which returned to 2.94% and is likely to be heading to 3.2%. Against that, Gold was lower at US$1854 and gold equities down 2+%. Banks were also lower about 1.5%.