Why the Great Jobs Report was Bad for Stocks

It’s counterintuitive right? How could a great jobs report hurt stocks? Oftentimes, data strikes the stock market in a manner unexpected by the logical thinker. People expect good news to act on stocks like good news logically should. Well, I have news for you; good economic news is ultimately good news for stocks, but in the case of this jobs report, the good news is bad news for stocks today because of how it might influence the U.S. Federal Reserve, and how the Federal Reserve might influence stocks as a result. See my full report on how a great jobs report is bad for stocks here. Article interests SPDR S&P 500 (NYSE: SPY), PowerShares QQQ (Nasdaq: QQQ), Vanguard Total Market (NYSE: VTI), Robert Half (NYSE: RHI) and iShares Russell 2000 (NYSE: IWM).

DISCLOSURE: Kaminis is long SPY. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.