Schwartz: It's now more about the jobs report than the inflation reports

Economic Indicators - The focus is shifting from inflation reports to jobs reports, with expectations that inflation numbers will decrease [1][2] - The Federal Reserve is emphasizing its dual mandate, prioritizing jobs data over inflation metrics [2][4] Market Sentiment - There is a belief that risky assets may be vulnerable due to tariff-induced inflation, which could impact the Fed's easing path [4] - The upcoming CPI release is seen as a significant risk event for the market [4] Technology Sector - Oracle's strong performance has positively influenced AI-focused stocks, alleviating concerns about concentration risk in mega-cap tech [7][8] - The AI trade is still in its early stages, with expectations for broader participation beyond just chip stocks [9][10] European Market Outlook - European markets are viewed as attractive, with a focus on defense and infrastructure investments as long-term opportunities [12][13] - Valuations in Europe are considered more supportive compared to the US market, with a recommendation to focus on defense stocks [14] Investment Strategies - A Wisdom Tree ETF focused on high dividends and buybacks is highlighted as a strategic investment, offering a close to 7% shareholder yield [15][16] - The defensive nature of dividend-paying companies is emphasized as a counterbalance to the tech sector's volatility [16]