Originally posted by MoneyMetals.com here: https://www.moneymetals.com/news/2016/01/11/mining-collapse-000812
Stock investors read Friday’s employment report and reacted to the much better than expected headline data on job creation by dumping shares. The U.S. economy added an estimated 292,000 jobs, but they weren’t impressed. In part because some concluded the Fed is more likely to hike rates again, as mentioned above. Others looked deeper into the report, and found little to like.