The jobs report just came out, and it looks like the economy added more jobs than expected:
This is the third month in a row in which the report has beat expectations.
It’s never set-in-stone whether or not initial reactions will stick or not, but I can at least say that in the minutes following the release, equities do NOT like the good news. I guess the problem they have is that this gives the Fed room to stay aggressive on interest rates instead of completely wimping out.
c
