The Fed's Job Data Tanks the Market

The interest rate complex is leading to some severe underperformance in key parts of the financial world. Bank of Hawaii, America, US Bank and others are all off around 2.5% to 5%. Some of the biggest laggards concerns about the economy, what it means for commercial real estate, lending and everything else. We're not where we want jobs, not to have no, we do want strong wages. But we also want the Fed to stop hiking and not cause a recession. Amen.