Wild day for markets, rally nearly unexplainable

This morning 1hr before the open, NFP (job) data released: showed far more than expected jobs added this past month with the unemployment rate more or less remaining unchanged. Jobs added means strong labor market, which means the Fed has room to keep rates higher for longer.

Market nukes on the data, then completely reverses throughout the trading session and then some, finishing some +100pts off the morning lows.

Fun Friday

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