Markets Fall and Then Recover After Strong Jobs Number

Good Evening:

The market had a strong week and Consumer Discretionary and Technology led the gains.  However, a negative catalyst in the form of exceptionally strong jobs numbers proved an obstacle for the rally. As economic data has been slowing in some areas, speculation had been mounting that a dovish pivot for the Fed might materialize sooner than markets were expecting. The number this morning makes that outcome less likely. This gives evidence to support the hawkish narrative that...

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