Generally Positive Jobs Report Got Cool Reception

The US labor market added more jobs than expected in May. Huzzah? While we find this happy news, most pundits saw the glass as half empty instead of cheering. A common line of thinking we saw: Sure, the labor market is recovering from late-2025’s soft patch, but that means a Fed rate hike is inevitable this year. Some even blamed Friday’s Tech-led selloff on the report. It is a classic good news-is-bad-news reaction—further evidence that, while sentiment may be heating up toward US Tech, moods aren’t universally elevated.  Read Full Article »