Post at 9:30 AM CDT, two hours after report.
It would appear to me that employment strength kind of puts the recession story to bed. With that said, it looks like the 2 yr is is telling the FED what the sweet spot on rates is, around 3.25 %. So Jerome, one more 0.75 and you are done, a boom and a curbing of inflation. Nice.
Logically the next shoe to drop is the realization of a new driver of the stock rally, an expanding economy, not FED pivot to lower interest rates, some healthy digestion now, more interest in core areas, chip tech, EV, and Biotech.
Stuff like Bitcoin, gold, gaming, will be so boring in this new environment.