Risk Assets Reverse After NFP as Crude Holds Its Bid

Written on 02/12/2026
Bill Baruch

Yesterday’s NFP payrolls figure sparked a sharp reversal in risk-assets by mid-morning. Equities had shown outsized strength into, and through the release but ended the day lower. Treasuries posted similar price action, with longer term bonds posting a pump-fake break out before setting lower. Rate cut expectations through 2026 were...Offshore drilling rig by nielubieklonu via iStock
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