Gold miners surged on Barrick's earnings beat while bank stocks fell for a second session. The divergence reveals a market pricing two very different outcomes for the same oil shock.

Canada lost 18,000 jobs and the TSX closed higher. The US added 115,000 jobs and gold hit $4,725. Both things happened today and the tension between them is what advisors need to understand before Monday morning.

The TSX closed up 383 points at 33,620 on Wednesday -- a broad relief rally driven by the US-Iran ceasefire announcement. The S&P 500 gained 2.52%, the Dow added 1,329 points, and the Nasdaq rose 2.82

TSX up 738 points to 32,673 as Trump's ceasefire claim triggers a broad risk-on rally across North American markets, following Tuesday's 833-point surge