--Interest rate jitters--

A really strong jobs report reignited fears of a rate hike, rising bond yields and the dollar continuing to strengthen. The combination of all three sent equities tumbling. The DOW closed 696 points lower at 41,938, with the yield on 10- year treasuries hitting its highest level since October 2023 and the unemployment rate moving lower to 4.1%

It was a volatile week. A great start Monday was replaced by two consecutive days of losses before a near-perfect end to the week. The net result, a gain of 536 points/pips for the eleventh straight week of gains

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