a disappointing november payrolls report lifted equities futures in premarket trading a reversal of a monthslong trend in which investors traded on economic fundamentals rather than prospects for economic stimulus from the federal reserve today’s chart of the day shows the stark contrast to the pandemicera trend where traders considered bad economic news as good for stock prices after an unprecedented amount of asset purchases by the fed and nearzero interest rates easy money pushed credit spreads to record lows and the us stock market to record highs anything that threatened this dynamic  say positive economic data suggesting the economy may not need as much support  spooked the stock market as investors feared it signaled an end to central bank assistance