december

A shockingly strong nonfarm payroll report, in knocked Treasuries for a loop. Global markets have been left reeling from the FOMC’s pivot, the BoE’s second rate hike and the aggressive voting pattern, as well as the hawkish shift from the ECB’s Lagarde’s press conference. Wall Street turned mostly higher in afternoon trade. The market struggled early on following the stronger jobs report, which weighed on sentiment, in a case of goods news is bad news for stocks (Fed rate hikes).…