Any time America reports its economy is strong, Wall Street has a freak-out.
So why is good news taken as bad news on Wall Street?
Wall Street is particularly sensitive to strong jobs numbers.
The fear is that the strong jobs market (good for Main Street) will spin off more inflation (bad for companies and Wall Street.)
That may not sound like great news to you or me, but Wall Street took that reading as a sign the Fed’s medicine may be beginning to work.