Caution! Jobs may be hot! Traders were stunned this morning after payroll data showed the biggest increase in nonfarm payrolls (+254k vse +150k) since March and a decrease in the unemployment rate to 4.1%. We have officially landed back in good news is good news territory as stocks spiked after the release of the report and held onto their gains for the remainder of the day. The underappreciated Russel was the leader of the day, after years of trading at a discount to the S&P 500, hopes of a so…
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