Jobs and Stocks Up?

December 7th, 2013 at 9:06 am

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.

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One comment in reply to "Jobs and Stocks Up?"

  1. Peter K. says:

    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.