The strong, but not too strong, jobs report released Friday may have set up a winning short-term trade in certain sectors and slices of the stock market, if history is any guide.
The U.S. economy created 223,000 jobs in April, bouncing back from a sluggish period in the first three months of the year, according to the Labor Department. Economists expected nonfarm payrolls to rise 224,0000.
Stocks rose, yet bond yields fell, suggesting a "Goldilocks" scenario of a respectable economic recovery, but a Federal Reserve waiting longer to raise interest rates.
Using data from Kensho, a tool designed to quantify historical market events, CNBC Pro ran a study of which sectors performed best when payrolls came in not too hot, not too cold, but in line with Wall Street expectations.
