Want a way to describe the November jobs report? Try “Goldilocks.” The U.S. economy added 227,000 jobs last month, exceeding the Dow Jones estimate of 214,000. That is also well above an upwardly revised October number of 36,000. Unemployment, however, edged higher to 4.2%. In other words, the report showed the economy was still solid, but not so hot that it will deter the Federal Reserve from cutting rates later this month. In fact, the probability of a Fed rate cut soared to nearly 90% following the data release, according to fed funds futures data via the CME FedWatch Tool. Here is what strategists and investors had to say about the data: Lindsay Rosner, head of multi-sector investing at Goldman Sachs Asset Management: “Data this morning was a Thanksgiving buffet with payrolls spot on, revisions positive, but unemployment ticking higher despite the participation rate falling. This print doesn’t kill the holiday spirit and the Fed remains on track to deliver a cut in December.” Seema Shah, chief global strategist at Principal Asset Management: “Today’s payroll report reinforces the case for a Fed cut in December, but without inciting any meaningful worries about the labor market. Labor demand is slowing, as evidenced by the rise in unemployment rate and the surprisingly limited revisions from weather and strike effects last month. There are cracks in the labor market that require Fed attention.” BMO strategist Ian Lyngen: “Nothing within this release will prevent the FOMC from cutting on Dec. 18.” Chris Zaccarelli, chief investment officer at Northlight Asset Management: “Despite the strong headline number this morning, the Fed is likely to note the overall slowing in the job market and cut rates by 25 bps in 2 weeks, unless the next CPI report is white hot.” Adam Hetts, global head of multi-asset at Janus Henderson: “The strong November NFP at 227k included some reversals from October and was further offset by a tick up in the unemployment rate to 4.24%. This big rebound from a distorted October read is actually quite balanced and should relieve some economic concerns, as well as keep the December 18th rate cut expectations on track.” The report comes as the S & P 500 sits near all-time highs, boosted by hope that the incoming Trump administration will lower taxes and roll back regulations across industries. Year to date, the broad market index is up 27%. Elsewhere Friday morning on Wall Street, Goldman Sachs upgraded Robinhood to buy from neutral, citing the company’s growth plans. “HOOD has successfully migrated from a fast growing, periodically profitable online broker servicing mostly younger investors, to a best-in-class top and bottom-line asset under custody compounder with a growing total addressable market (TAM),” analyst James Yaro said.