Brian Madden s Top Picks: April 5, 2021
Nasdaq 100 rallies 2% after strong economic data
Goldman axes short dollar call as U.S. yields spoil bet
As meme stock mania fizzles, Wall Street sees âbig reckoningâ
S&P 500 breaks above 4,000 as bull market barrels on
Barry Schwartz s Top Picks: April 1, 2021
Miley Cyrus s offer shows how stocks are now cool
A traditional Wall Street advantage is suddenly being threatened
S&P 500 surges past record 4,000 on growth outlook
Killing off Libor gets real for banks on key milestone date
Megadeal surge leads Canada to record first quarter for M&A
Kim Bolton s Top Picks: March 31, 2021
MLB looks to NFTs as a cutting edge opportunity : Blue Jays President
U.S. stocks climb amid economic optimism; bonds steady
Goldman axes short dollar call as U.S. yields spoil bet
As meme stock mania fizzles, Wall Street sees âbig reckoningâ
S&P 500 breaks above 4,000 as bull market barrels on
Barry Schwartz s Top Picks: April 1, 2021
Miley Cyrus s offer shows how stocks are now cool
A traditional Wall Street advantage is suddenly being threatened
S&P 500 surges past record 4,000 on growth outlook
Killing off Libor gets real for banks on key milestone date
Megadeal surge leads Canada to record first quarter for M&A
Kim Bolton s Top Picks: March 31, 2021
MLB looks to NFTs as a cutting edge opportunity : Blue Jays President
by Tyler Durden
Monday, Apr 05, 2021 - 12:05 PM
It may not be quite a Thomas Stolper reco , but the dollar reaction to Goldman s announcement on Friday to close its long-running dollar short is certainly one that brings back a few memories of the infamous Kermit photo.
In a Friday note from Goldman s Zach Pandl titled aptly
Tactical Retreat , the bank s chief FX strategist said that
after a choppy few months we are closing our recommended USD short trade, expressed vs a basket of G10 commodity currencies (AUD, CAD, NOK, & NZD). While we doubt Goldman s trade reco was the catalyst, the Bloomberg dollar index has tumbled in kneejerk response, sliding to a two week low as US stocks soared on Monday, one day after the blockbuster payrolls report.
by Tyler Durden
Monday, Apr 05, 2021 - 08:00 AM
S&P futures surged and most Asian stocks climbed (Europe remains closed for Easter holiday) as investors digested Friday’s unexpectedly strong jobs report which showed the strongest jobs growth in seven months and could mark the beginning of the best annual economic growth in nearly four decades. Bond yields rose modestly after Friday s spike, while the dollar and gold were both unchanged.
At 730am, Dow E-minis were up 226 points, or 0.68%, S&P 500 E-minis were up 23 points, or 0.57% and Nasdaq 100 E-minis were up 59.75 points, or 0.45%.
Futures tracking the small-cap, domestically focused Russell 2000 jumped about 1.5% as Friday’s report showed U.S. nonfarm payrolls surged by 916,000 jobs in March, well above 647,000 forecast by a Reuters poll of economists. Treasuries pulled back from a selloff last week, with the benchmark 10-year yield steadying around 1.71%. The pound appreciated to a two-week high against the dollar as Pri
Gold price steadies as US jobs report fuels recovery optimism
Stock image.
Gold prices steadied during the holiday-thinned trading session on Monday as robust US jobs data fueled hopes for a rapid economic recovery and bolstered global equities, suppressing bullion’s appeal.
Spot gold saw a slight gain of 0.1% to $1,731.80/oz by 11:40 a.m. EST, while US gold futures rose 0.2% to $1,732.20/oz.
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An earlier report showed that employers in the US added the most jobs in seven months during March, as more coronavirus vaccinations and fewer business restrictions bolstered labor market recovery.