Strong Jobs Report – but still no Wage Growth

No stock picks today.  The Equity Markets are poised to rally after a strong jobs report:

• Bloomberg – Payrolls in U.S. Increase 227,000 While Wage Growth Weakens
• MarketWatch – U.S. economy adds 227,000 jobs in January, but unemployment rate pushes upward
• ZeroHedge – Wage Growth Disappointment Sparks “Bad News Is Good News” Bid For Stocks, Bonds; Dollar Dumps

So, bottom line – companies are hiring, but they still don’t have to pay their employees very well – not sure if / when this will turn around.

Best article I read today:

• The “I Warned You” Card

As the article points out – Fed Chair Janet Yellen cited commercial real estate prices as “high” in a speech at Stanford University on Jan. 19.2017 – but the question is, what will she do about it?  Nothing apparently.

Extra – it’s Friday, need some good music to get thru the day!

https://www.youtube.com/watch?v=b7ondJINGe8