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Stocks rallied on Friday as investors decided that a good economy is good for… everyone. Payrolls topped analyst expectations and the unemployment rate dipped.

Stocks got hammered yesterday late in the session, shredding earlier gains, teamed up on by Fed talk and middle east tough talk. Traders were on edge looking for excuses to unload stocks ahead of today’s big employment number.

Stocks gained yesterday, helped along by market-friendly comments by Fed Chair Jay Powell. ISM Services Index unexpectedly slipped in March with its Prices Paid sub-index posting a notable decline.

Stocks had a rough session, giving up ground as investors ponder the next big driver of the next big move. There are still plenty of job openings according to the latest numbers from the Bureau of Labor Statistics.

Stocks slipped yesterday as bond traders cried “is the 10-year yield an April fool’s joke or something” – it was no joke. Manufacturing had a good month and spooked investors into believing that the Fed will never, ever cut rates again… ever 🥵.

Stocks closed out the quarter on a high note last Thursday after a quarter filled with reality checks on rates and surprise gifts from the strong US economy. Inflation cooled last month according to a Good Friday inflation number, delivered while markets rested.

Stocks rallied to new highs yesterday as investors set their sights on today’s quarter end. Fed governors continue to ply the markets with the “we’re in no rush” mantra.