The labor market is showing signs of cooling but remains very strong, notes Jesse Wheeler. He discusses how hot data prints are putting pressure on the Fed. He talks about how the economy has proven incredibly resilient despite the rapid increase in rates. He previews Jerome Powell’s speech at noon ET today. He also highlights how the 10-year yield hit a new 16-year high. He then goes over how consumer demand is looking more stable. Tune in to find out more about the stock market today.