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The top sector bets in the situation Fed now faces

Data from CNBC partner Kensho indicates that the Nasdaq 100 is the best bet among stock indexes after a jobs report miss like the one posted Friday — 151,000 jobs added versus an expectation of 180,000 jobs.

One of the biggest trends among fund flows in August was investors flooding back into the Powershares QQQ, the Nasdaq 100 ETF. As long as the market expects the Fed to remain patient, rather than following through on a rate hike in September, the risk-on mood may persist among investors. Traders dropped their bets that the Fed will hike in September to 25 percent after the Friday jobs report miss.

A look at S&P sectors mirrors the index history, showing tech as the leader in these month-long periods, with the S&P technology posting the best returns in the month after this kind of jobs report miss.