Bonds & Bullion Drop, Stocks & Dollar Pop On Hawkish Rate-Hike-Odds Shift

A slew of ‘hard’ data beats (GDP, Dur Goods, New Home Sales) and solid labor market data (Initial Claims), reinforced the odd decoupling between ‘soft’ survey data and the actual macro data from the US economy… Source: Bloomberg In fact ‘soft’ survey data has been collapsing as labor market indications have soared in the face […] Source