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Dow futures jumped 200 points, Treasury yields spiked, and the dollar index dumped-n-pumped back to unchanged as payrolls beat but average hourly earnings growth slowed modestly... offering The Fed a bone.

 

And the dollar dropped... then bounced back to unch

 

Treasury yields are spiking higher...

The market is now fully priced for 3 rate-hikes in 2018...

 

And the odds of 4 (or more) rate hikes in 2018 are now around 40%...