Now Overheating 3M Overheating 6M Late cycle 1Y Late cycle

CPI 3.7% +0.4 CPI energy 20.4% +4.3 PPI 6.5% +0.2 Michigan 4.6 +0.6 Jobless 4.1 -0.1 Philly Fed 20.9 -16.9 WTI 88.92 +0.2 US 10Y 5.154 +0.1 S&P 500 7561.0 -54.2 Nasdaq 100 27927.25 -457.2 Gold 3887.6 +2.3 Dow 52347.0 -43.0 Trident Dow LONG 52347.0 Trident S&P 500 LONG 7561.0 Trident Nasdaq 100 LONG 27927.25 Trident Crude LONG 88.92 Trident Gold LONG 3887.6 Trident Euro LONG 1.1036

2026-11-07 11:03 UTC Data update 4 min read Original

CrowdMood Column

Jobs 2026-10: labor can hold while the long end still bites

Nonfarm payrolls 159,293 (+165k, 2026-10) · Unemployment 4.1 (-0.10 from prior, 2026-10).

The desk read

Labor that holds up does not give equities a hall pass. It can keep goods demand alive, keep the barrel relevant, and keep term premium from dying just because the FOMC sounds friendly. Strong jobs plus sticky energy is how the 10-year rises into a cut narrative. Tape: WTI 90.83, US 10Y 4.859.