ETF Investors Think June Rate Hike Baked In, Eying Shorts on Gold Rally

On a day when the US unemployment numbers showed a noticeable number of people leaving the workforce amid a pale 138,000 jobs created – expectations were for 185,000 jobs -- traders are nonetheless preparing for a 25 basis point increase in the Fed Funds June rate hike.

Traders expect June Rate Hike

Financial analytics firm S3 Partners, Ihor Dusaniwsky, Head of Research, is out iwth a new report on the topic. He notes that as of Friday afternoon there was a decided move by traders to position themselves before the expected June 14 rate hike when the Federal Open Market Committee meets. Amid a steady chorus of Fedspeak that indicates...