The (https://www.cnbc.com/2026/05/08/jobs-report-april-2026.html) crushed expectations—115K vs 55K—but this victory lap is premature. Wall Street's celebrating, yet this data just torched the dovish pivot that's been keeping financials afloat. Goldman's $12.3B quarterly revenue looks impressive until you realize banks desperately need rate cuts to revive loan demand. Strong employment data? That's the Fed's green light to stay hawkish.

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