{"id":1442864,"date":"2023-12-08T13:56:46","date_gmt":"2023-12-08T18:56:46","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1442864"},"modified":"2023-12-08T13:56:46","modified_gmt":"2023-12-08T18:56:46","slug":"market-confused-by-goldilocks-jobs-data","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/market-confused-by-goldilocks-jobs-data\/1442864\/","title":{"rendered":"Market Confused By &#8216;Goldilocks&#8217; Jobs Data"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Market Confused By &#8216;Goldilocks&#8217; Jobs Data<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Flat wage growth (hotter than expected MoM), lower unemployment rate (good news is bad news), more jobs added (good news is bad news)&#8230; but the narrative-delivers claim &#8220;goldilocks&#8221;.<\/p>\n<p><strong>This looks anything but goldilocks<\/strong> and the kneejerk reactions agreed with rates and the dollar higher (hawkish) and stocks lower.<\/p>\n<p><strong>But that has basically all been unwound now.<\/strong><\/p>\n<p>Dollar is down&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm2A6F_0.jpg?itok=4Fa46Q68\"><\/a><\/p>\n<p>Gold is reversing higher,..<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm5732.jpg?itok=zRRdeaVy\"><\/a><\/p>\n<p>Bond yields are falling back from the kneejerk higher&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm454C_0.jpg?itok=EB8mjtlp\"><\/a><\/p>\n<p>The payrolls print was right in the middle of Goldman Sachs&#8217; <strong>sweet-spot for stocks<\/strong> and they are still holding on to post-payrolls gains (though only Small Caps are in the green)&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2023-12-08_05-55-58.jpg?itok=oltIJPy8\"><\/a><\/p>\n<p>The odds of a rate-cut in March dropped from around 60% to around 50%&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm8E82.jpg?itok=5NiwDcKn\"><\/a><\/p>\n<p>Still a long way to go for these narratives to be rewritten today.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Fri, 12\/08\/2023 &#8211; 08:56<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/markets\/market-confused-goldilocks-jobs-data\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/markets\/market-confused-goldilocks-jobs-data<\/a>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Confused By &#8216;Goldilocks&#8217; Jobs Data Flat wage growth (hotter than expected MoM), lower unemployment rate (good news is bad news), more jobs added (good&#8230;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1442864","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-63m0","jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1442864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1442864"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1442864\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1442864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1442864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1442864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}