U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%

Disappointment about easier Fed policy, however, hasn’t translated into any difficulty in asset markets, where the major U.S. stock averages and the price of gold are all at or near all-time highs. As for bitcoin, it too has hit a new record this year, though any concerns about the economy or path of interest rates have taken a big back seat to the overwhelming demand from the spot ETFs.