The economy just won't slow down, and it's the worst possible outcome for markets right now

• The US economy is running hot and markets are in a panic about it. 
• The September jobs report blew past economists' expectations, with 336,000 jobs added last month.
• Stocks slumped and bond yields surged as investors brace for higher for longer interest rates. 

The US economy is still burning hot – and it's the worst possible thing for markets to take in right now.

The labor market grew faster than expected in September, with the economy adding an eye-popping 336,000 jobs, the Bureau of Labor Statistics reported on Friday. That's nearly double the 170,000 jobs economists  were expecting.