Rate cuts may already be off the table after a mega jobs report — but strategists still aren’t concerned about stocks

• The US added far more jobs than expected in December, and bond yields spiked.
• Markets now aren’t expecting interest rate cuts for the foreseeable future.
• Here’s what nine strategists say is next for rates and stocks.

A key stock-market catalyst for 2025 is in serious jeopardy less than two weeks into the year.