Except from the Financial Times quoting DataTrek co-founder Nick Colas:
…. “Seeing stocks hold firm after a hot jobs report is genuinely surprising,” wrote Nicholas Colas, co-founder of DataTrek Research, who cautioned against attributing too much importance to stocks’ resilience. “To our thinking, the idea that investors must reset their expected timing of a Fed-induced recession best explains this unexpected action”….
Full article here on the FT.