I’ll Take The Good News

September 4, 2026

This morning we got a much better-than-expected jobs report.

The U.S. economy added 162,000 jobs in August, compared with just 53,000 expected. Unemployment held steady at 4.1%.

That’s good news.

And the stock market sold off.

At one point this morning, stocks were down more than twice as much as they are as I’m writing this.

Why?

Because the jobs report was much better than expected. This gives the Federal Reserve another reason to keep interest rates where they are — and leans further away from any talk about rate cuts.

So, we end up in this weird situation where good economic news leads to a bad reaction for stocks.

Yes — the market is temperamental.

Personally, I’ll take the good news. Always.

I’ll always root for more jobs and a stronger economy.

I wouldn’t be surprised if this was a knee-jerk reaction and stocks shake off their initial drop because the story stays the same as it’s been.

INSERT MY BROKEN RECORD HERE…

Strong economy.

Stronger earnings.

The Fed doing nothing.

A good backdrop for markets.

As a long-term investor — and as an American — this is exactly what I like to see heading into the holiday weekend.

And I’ll always root for a stronger economy with higher interest rates over a weaker economy with lower rates.

I’ll Take The Good News!