The Eurozone is likely to enter a recession this year, notes Jay Hatfield. He discusses how data indicates a dramatic slowdown of the U.S. job market. He projects that the Fed will hold for the remainder of this cycle. He talks about how stocks are down to continue losing week. He also goes over the expectations for a potential European recession and a potential U.S. recession. He looks at the takeaways from the U.S. labor data. The initial claims came in at 216K versus an estimated 234K and a prior 229K. He then outlines how market conditions will impact U.S. treasury yields. Tune in to find out more about the stock market today.