One wants to read little into a monthly jobs report and even less–much less–into a day in the equity markets. But I found it interesting that the stock market reacted uncharacteristically positively to today’s solid jobs report. Over at the NYT Economix blog.
I noticed that too. Usually a good jobs report means the Fed will taper or tighten and stocks go down. Maybe the Fed convinced the market it won’t taper too soon with its non-taper – after the June taper talk – this past fall and with the appointment of Yellen.