Update (1100ET): US equity market dip-buyers are notably absent and Nasdaq And Small Caps are now down 2% on the day (after being up 0.5% before the 'good news' hit)...
This has pushed the majors below key technical support once again. S&P < 50DMA, Nasdaq <100DMA, and Dow <200DMA (Small Caps are already well below the 200DMA)...
As SpotGamma notes, things start to get a little more exciting if the S&P drops to 4500 as Gamma flips...
And we are getting close...
Plunging unemployment and record high ISM Services... what is their to complain about?
Sadly - for equity investors - a lot! This 'good news' is very definitely 'bad news' for the only thing that levitates stocks - Fed liquidity - as it offers yet more cover for an accelerate taper and earlier and more aggressive rate-hike trajectory.
STIRs are pricing in an increasingly hawkish Fed...
And stocks don't like that...
It appears - just like in Dec 2018 - stocks are in search of the new strike price for Powell's Put (stocks fell 20% before Powell flip-flopped and sent the yield curve soaring again)...
Meanwhile, the yield curve has ripped back to flatter on the day...
As a Fed policy mistake is also priced in.
美國非農業新增職位數據遠遜預期，美股周五盤初輕微造好，但高位遭遇壓力，市況迅速下滑，道指跌幅曾加大至271點，盤中暫時低位觸及34368點，納指挫逾2%。
截至本港時間凌晨約零時10分，道指報34421點，跌217點或0.63%；最多暫升161點，高見34801點。標普500指數報4524點，下滑52點或1.14%。納指報15055點，挫325點或2.12%。Salesforce股價滑落3.08%，暫時為表現最差道指成份股，微軟倒退2.37%，蘋果回落0.71%；波音續挫2.69%。IBM則抽升1.35%，暫時為升幅最大道指成份股。
非農職位增21萬個 遠遜預期
數據方面，美國11月非農業職位增加21萬個，市場預期增加55萬個；失業率為4.2%，預期為4.5%。
CUNA共同基金首席經濟學家Steve Rick表示，令人不安的是無法在10月份強勁的數據基礎上再接再厲，而隨着冬季的到來，就業市場的不確定性只會愈來愈大。
另外，聖路易斯聯儲銀行總裁布拉德(James Bullard)表示，聯邦公開市場委員會(FOMC)可能希望在即將舉行的會議上加快縮減債券購買規模，他仍然支持明年加息兩次。不過，布拉德準備該講稿時，遠遜預期的非農就業數據尚未公布。
美國10年期債息由日內暫時高位1.468厘，轉跌至1.397厘，跌幅為5基點。美元轉漲，美滙指數上升0.18%，報96.34，日內曾低見95.97。紐約期金反彈0.42%，每盎斯報1776.3美元。
油價上揚，紐約原油期貨現時每桶報68.02美元，升2.29%；倫敦布蘭特期油報71.44美元，漲2.54%。
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