The deterioration of the situation in the US labor market (out of the agricultural sector only 75 thousand workspaces were created against the forecast of +175 thousand and April value of +224 thousand) provoked a new wave of flight from the US dollar (it falls against all currencies including gold) and from stocks in US government bonds. The yield of the government bonds updated the new local minimums (below 2.06% per annum). The market increases the chances of lowering the US FRS rate this year. However, if the FRS gives up and really listens to the voice of the market, it will lead to a bubble in the stock market.
09 June 2019
The deterioration of the situation in the US labor market...
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