Soft Jobs Data & Sticky Inflation as Talley Leger Eyes SPX at 8500

Talley Leger breaks down the latest jobs report and what it means for interest rates, noting that while monthly gains improved, year-over-year payroll growth remains weak. He says bond yields continue to reflect persistent core inflation pressures. Leger also outlines a bullish view on equities, targeting 8,500 for the S&P 500 (SPX) on strong earnings and easing geopolitical risks.

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