Jobs Pushed Higher - Interest Rates Followed & Stocks Sold

Higher than expected overall job growth has pushed interest rates up, and the stock market is selling off.

Jobs data came in with 143K new jobs created in the past month. But, the previous two months saw upward revisions totaling 100K. At the same time, the unemployment rate has been slipping lower.

The combination of this has sent interest rates higher, and the stock market has slipped downward. With CPI data due on this coming Wednesday, and if the data continues to show increasing upward prices, look for further selling in the stock market as bond rates climb right back upwards again.