Financial markets reacted sharply to the revision of employment figures for the 12 months up to April 1 of this year. The data showed that employment in the U.S. had increased by only about half of what was initially reported. Since April 1, job growth has slowed even further, virtually flattening out. Markets immediately speculated that the Fed would implement more rate cuts than previously anticipated. As a result, interest rates fell across the board, equities and especially precious metals surged, and the dollar weakened. The key question now is: is this a gamechanger, and will these trends persist?
