Global capital markets are a mess following this morning’s hotter than expected rise in US employment.

Nasdaq is down 2%…

Yields are spiking dramatically…

The dollar is rampaging higher…

And Gold (and bitcoin) are getting clubbed like a baby seal…

All of which prompted President Trump to exclaim that “stocks should go up, not down” on the back of a strong jobs report:

It appears the President has not been watching for the last couple of decades as The Fed has become a mainstay and ‘good’ news removes their pillar of support…

…meaning ‘bad’ news for stocks.