Strong payrolls (162k vs. 56k estimate) failed to spike rate-hike bets significantly because wage growth slowed to 3.1% YoY, taking the immediate heat off wage-push inflation and shifting all eyes toward next week's CPI data for true price direction. Although long-duration tech assets like Microsoft (-2.04%) took a minor hit as 10-year yields ticked up 3 bps to 4.79%, the broader economic durability actually provided a floor for value and small-cap stocks (Russell 2000 +0.25%). Consequently, while trimming stretched mega-cap tech into CPI is a sensible risk-hedging tactic, the fundamentally resilient labor market suggests a strong buffer against any severe market crash.
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