We look at why a divergence emerged in stocks, bonds and FX on Thursday and what it means ahead of non-farm payrolls. Despite the 2% fall in the S&P 500, the Canadian dollar was the top performer and ranges were tight. A few indicators and a central bank speech will be released in Asia. A new set of Premium Insights will ve issued prior to the Nonfarm payrolls to leverage existing trades.
A few factors contributed to the stock market selloff: