$SPX +2.6% day, +4.9% wk
Jobs Surprise!
NFP +2.5m vs -7.5m est
UER = 13.3%/16.3% vs 19% est
Rotation to Cyclicals continues
and Rotation from Bonds accelerates
Curve steepens as 10yr yld hits 0.88%
$UAL +8% to reinstate July flights
Mkt UP 3%/wk for 3 wks in row,
last date = 1982