Housekeeping: This is the PM GoldFix post combining AM emails with additional intraday posts.
Have a good weekend!
Morning Rundown:
Macro-Economics/Commodities:
Geopolitics/Elections:
Founders:
MARKET SNAPSHOT:
The session divides cleanly into two parts: pre- and post-jobs data.
Before 8:30 a.m. ET, market action was already heavy. Yields on the 10-year were at 3.94%, down 9 basis points. The dollar stood at 102.96, up a full percentage point following the release. The S&P 500 was down 2.54% at 5,133, while the VIX surged 34% to 40.25—testing the highest weekly close since COVID, and perhaps earlier.