Not trying to time the market, but I would like to know how investors think when PMI and nonfarm payrolls came out this week.

PMI higher than 50 means higher demand for products and supplies, which might reignite inflation, but which also suggests higher spending and better economy for short term.

Higher nonfarm payrolls means people are getting hired because companies are doing well probably and when people get jobs, they are more likely to increase their spendings, which will probably cause inflation to stay stagnant.

Basically, I think the two data suggest the same things: inflation is harder to beat, economy is thriving and stock prices are probably going higher.

However, when PMI was out the other day, stock market was in a slight turbulence. Investors were panic as fuck. But as nonfarm payrolls was out today, people were confident about a healthy economy, so the stock prices were up.

Why is it? Why investors acted differently while the two important data indicate the same thing?What didn’t I see?