The everything rally turns into a bond rally. | MarketTalk: What’s up today? | Swissquote
The central bank doves are forcefully back following a significantly lower-than-expected US JOLTS print, and on the back of a surprisingly dovish comment from an otherwise… hawkish Isabel Schnabel from the European Central Bank (ECB).
Due today, the ADP is expected to print 130K private job additions in the US last month, and the Atlanta Fed’s GDP forecast is expected to hint at a sharp decline in Q4 growth to 1.2% from above 5% printed last quarter. If that’s the case, the Fed doves will remain in charge of the market, but the everything rally will likely turn into a…...