Wake Up Wall Street (SPY) (QQQ): NFP strong but lower wages see stocks soar

Here is what you need to know on Friday, January 6:

Nonfarm Payrolls (NFP) gave the market the number they wanted and this time we again have the Fed pivot theory being cited. At some point, this will prove accurate just as a broken clock tells the correct time eventually. But signs of a US recession seem to be getting pushed further away now with a strong employment market. Unemployment falls to 3.5% and wage growth finally shows some signs of abating.