in March, a reversal from the 133,000 decline in February. The headline Unemployment Rate edged lower to 4.3%, though that was largely from a sharp reduction in the labor force. Wages also rose less than expected, with average hourly earnings up just 0.2% for the month and 3.5% from a year ago. The annual increase was the lowest since May 2021. As has been the case, health care was responsible for much of the growth, with the sector adding 76,000 jobs.

as JP Morgan cuts its downside target to only $85. The EV Business is in free fall, and profits from robots are years off. Investors are also selling Tesla to buy SpaceX, and it's coming with a $2 trillion valuation. Avoid (TSLA).

as the company is likely to go public at a peak valuation. That’s because investors are unlikely to see robust returns from the aerospace manufacturer stock following its likely massive initial public offering, given that much of its value already appears to be “priced in.” If it is already one of the largest companies in the world on day one, what is the upside? Wait for the post IPO selloff as I did with (TSLA) 16 years ago, which could be as much as 50%.

with the (USO) hitting a 20-year high at $139, as there is no sign of a reopening of the Straits. Even if they do eventually reopen, much of the Persian Gulf’s export facilities are now scrap metal requiring five-year rebuilds. Iran is demanding repayment of damage incurred by the US bombing, or more than $1 trillion. I’m not holding my breath on that one. Look for much higher highs in crude (USO).

because of the war-driven, explosive rise in energy prices. SM services sector growth slows, PMI falls more than expected to 54.0. Input prices index surges to 70.7, the highest since Oct 2022, amid Middle East conflict and tariffs. Services employment contracts diverged from strong private payrolls in March.