Better Sept jobs = good. Port strike suspended = good. Incremental good news past 24 hours = allowing tailwinds to shine

The Sept jobs report came in better than expected at +254k versus the Street consensus at +150k. This was a clean beat driven by restaurants (+69k) and even wages incrementally improved plus positive surprise on the unemployment rate (fell to 4.1%). The past 24 hours has seen incrementally positive news and thus, perceived risks for stocks abates and therefore, stocks can drift higher:

The jobs report is a clean beat and equally important, the unemployment rate (UER) ...

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