The September jobs report, released Friday, showed 254,000 job additions, far exceeding the expected 150,000. Ned Davis Research Chief U.S. Strategist Ed Clissold joins Market Domination Overtime to discuss the implications of this strong data.

Clissold argues that investors' intense focus on the labor market is causing them to "miss the big picture, which is the economy is doing pretty well," with the September jobs data serving as "confirmation of that." He explains that while markets hope for another rate cut come November, historically, markets have performed better when the Federal Reserve cuts rates gradually. Clissold believes recent economic data and Fed Chair Powell's comments suggest the central bank is on track to achieve its goal of slowly normalizing interest rates, potentially leading to a soft landing.

He emphasizes that recession fears are overblown, stating, "We can put that to rest." He adds "if you're worried about recession, that is a late 2025 problem."

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This post was written by Angel Smith