Daily Note | February 2, 2024 | Big Jobs Number

The S&P seems to be looking for what it should do following a monster jobs report. The US economy added 353K jobs in January, almost double the estimate of 185K. The 10-yr yield jumped on the news back over 4.0%

The report also included inflationary data in the form of greater-than-expected wage growth. Wages expanded by 4.5% year over year, more than a …