The Supercycle Score tripled to 10/100, "Strong Headwind," up from Thursday's record-low 3. The June jobs report landed at +57,000 vs 110,000 expected, and the dollar fell -0.53% to 28.34: its first real crack in five weeks, back to 89.8% of its 52-week range.

The metals got the catalyst they'd been coiling for: palladium +3.99%, platinum +3.01%, silver +2.69%, gold +2.03%, with live gold extending to roughly 4,193 overnight.

The dollar's trend signal flipped red for the first time this run: its 20-day momentum fell from +88 to +39, below its own 14-day average. Price off the ceiling and momentum rolling over, both at once.

Paper and hard money split again, the other way: Nasdaq -1.73% with a red signal, S&P -0.13%. The soft print cooled rate-hike odds and growth expectations together.

Markets are closed today (July 4 observed). The curve bull-steepened at the front on the print: 2yr -3 bp to 4.14%, 10yr 4.49%, 30yr 4.98%. The next COT report lands Monday, July 6.