Tech Earnings Will Continue to Be Attractive: Well Fargo's McMillion

The video discusses recent market trends, highlighting the NASDAQ's underperformance compared to the Dow. It covers technical analysis of the S&P 500, noting typical market pullbacks and potential rebounds. The impact of rising interest rates on tech stocks is examined, considering the Federal Reserve's hawkish stance. The discussion shifts to the Fed's balance sheet and its influence on financial conditions. Finally, the tight labor market and its implications for economic growth are analyzed, with a focus on wage inflation and labor force participation.

What factors are contributing to the tightness of the labor market as discussed in the text?

What indicators will be watched to assess the labor market's health?