Nasdaq up
S&P is up around 14.58 or +0.69%
NASDAQ is up 25.39 or +0.52%
Dow is up 121 or +0.68%
WTI Crude is up 4.58%
Bonds yields are up today as traders are a bit concerned about higher inflation. The good part from the employment was wages. Today, Domino's pizza CEO said that he is seeing tighter labor conditions and will need to raise wages. This is a continuation of the Walmart trend, and also the realization that the US is closer to the full employment at 5.5%.
Today, FOMC Dudley commented that the inflation expectations did not really go down much given the deflationary forces, so on any rebound, it should push inflation toward the 2.0% Fed target.
Can the US rates go up and the dollar go down? If the EU bond market yields rise too. The European bond markets are not open today. So that is an important component that is missing.
