Jobs report unexpectedly good.

Nobody expects the Spanish inquisition or good numbers under Trump.

Nonfarm payrolls increased a seasonally adjusted 177,000 for the month

The unemployment rate held at 4.2%, as expected, indicating that the labor market is holding relatively stable. The survey of households, which is used to calculate the jobless rate, showed an even stronger gain, with an increase of 436,000 in those who reported holding jobs on the month.

A broader unemployment gauge that includes discouraged workers and those holding part-time jobs for economic reasons, or the underemployed, edged lower to 7.8%. The labor force participation rate ticked higher to 62.6%.

Well there you have it. After a weaker than anticipated GDP (which no doubt will be revised up in the next quarter if revisions are a thing) we are back to unexpectedly good economic numbers. The slew of unexpectedly good economic numbers across the board suggest that the GDP was likely hammered by the massive amounts of importing prior to the tariff announcements. The underlying numbers were probably fairly decent.

After the jobs report today the various stock indexes are all up (450 points in the DJIA and 240 for NASDAQ). They were actually up for the same day as the GDP announcement as well, it just took a while after an initial bounce downward to get back in the green. So even after everything that has happened, most of the markets are settling back in fairly nicely, and the doom and gloom of another market crash like black Monday has been replaced with nothing more than an long anticipated market correction that was just looking for an excuse to happen. My own investments are back up into positive territory for the calendar year and still way up year over year.

Will this stop some from suggesting that the Trump Presidency has messed with the economy and the Markets? Of course not, the fact that the stock market is coming back and the economy is better than expected is just more chaos. These naysayers have taken the same logical approach as the climate change crazies, suggesting that literally anything that happens is actually a sign of uncertainty and chaos. Bad numbers? Yep, Trump ruining the economy. Unexpected good numbers? That damned Trump is just causing chaos and nobody knows why any of this is happening. Either way, they are the ones causing the panic and then blaming it on the President.