U.S. employers added just 126,000 jobs in March, well below expectations of 245,000. TheStreet’s Jim Cramer says he loves the jobs number because it keeps the Fed at bay. He also says stocks like AmerisourceBergen, Activis and Kraft tend to go down on a strong number. Cramer says the people who trade the futures wake up to find that the market has changed dramatically. It’s not about Alcoa, it’s about trying to figure out how much Bristol is going to go up on that kind of number and whether you take Cardinal Health. This is the new market, he says, and the futures guys are still stuck on the idea that it’s the industrials. To the people who trade the futures Cramer says: wake up, it doesn’t trade like it used to, be my guest and sell the market but that’s exactly the number that I wanted.
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