Payroll growth: 166,00 new jobs Wage growth: .2% per month A strong payroll report with weak earnings growth means… 1) the consumer can pay their existing debts. 2) the consumer won’t expand their debts 3) low inflation 4) the federal reserve can lower rates Nibble now. If this repeats next month - Dive in. If the numbers are a fluke - Sell. Look at WM and DFC