Markets are “meh” on today’s jobs numbers as investors expect the Fed to be careful with its next move. The 10-year yield is inching higher as wage gains and the unemployment rate already met the Fed’s year-end projection.

Energy continues to outperform with crude oil topping $80, the first time since 2014. Oil is poised for its seventh straight weekly gain as demand rebounds while supply remains tight.

Stop Blaming Wages

Wages are soaring in Leisure & Hospitality, an industry still struggling to recover.  This is certainly crushing small restaurant owners in particular.

Markets are at the lows of the session. 

Have a great weekend. Stay safe.