The stock market was going to boom either way. Payrolls could have been plus 200 or minus 200; indexes were going to soar no matter what. Either the economy is robust, or the other would mean the Fed will be forced to cut a lot of rates. But what the jobs data actually showed, no one was looking for. Complete shock yet again. Sure, the payroll number did what the payroll number always does; it was everything else.
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