S&P 500 futures initially pared gains after the jobs report, reacting to the rise in yields, but they have since risen to their highs of the morning. So it looks like equity traders are still letting good news be good news.
The data, while strong, was within the range it has trended in since mid-2016 and not high enough to warrant a faster pace of rate hikes, CIBC said in a report. So maybe stocks are reflecting that Goldilocks is still alive and well.
Source: Bloomberg Pro Terminal
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