The jobs report is much like the previous ones this year. There's something in it for everyone.

The market's grappling with earnings slowing down.

Realistically, if it eliminates a degree of risk about the future, that's good news.

The way the economy tends to slow down is in things that either we as individuals or businesses can push off into the future. Auto sales are slowing. That is [due to] individuals this time. We can wait to buy a new car. These announcements from the technology sector appear to imply that a lot of companies are saying we can wait a little while with our business spending.

The groups that will do well in this kind of environment are groups that were ignored for some time; food, beverages, household products, necessities.

The market is adjusting to a trend that the market hasn't lived with in some time. Inflation is going up and interest rate are going up.