The new jobs data is a terrific boost to the Bullish camp (where I have been since February 2). It was strong enough to keep the expansion growing, but not so robust as to force the Fed’s hand.
As I wrote yesterday, I am thrilled to be wrong on "the under" this time around. Yields are coming in, oil is softening, and the Dow is closing in on multi-year highs. If we close above those highs — an admittedly big if — that will officially kick off the next major leg higher.