Odaily Planet Daily News - Dakota Wealth analyst Robert Pavlik said: The market's reaction is basically consistent with my expectations for a stronger than expected non farm payroll report: a job growth of 256000 people is beneficial for the general public, but not for Wall Street. The market hopes that the data will be consistent with expectations or weaker, so that the Federal Reserve can shift from a wait-and-see approach to interest rate cuts. But this report is actually the opposite. It keeps the Federal Reserve on hold because the economy doesn't seem to need further interest rate cuts. Many job positions seem to be created by the hotel industry. If Trump were to expel 15 to 20 million people in his way, there would be more job vacancies. (Golden Ten)
