According to the usual logic, good employment data means bad news for rate cuts, which can lead to a market downturn. In other words: employment is doing so well → no rush to cut rates. But given the current situation where the war isn’t progressing smoothly and there’s constant talk about the U.S. economy facing either a recession or stagflation, resilient and strong employment data has turned into a positive thing. Plus, with the U.S. stock market closed today, the market has plenty of time to digest and observe. If nothing worse happens in Iran over the weekend, we might see a recovery and rebound trend next week.