David Doyle of Macquarie Group breaks down the stronger-than-expected jobs report, wage growth and gains across manufacturing and professional services. He explains why labor-market strength could support another Fed rate hike, sees the 10-year Treasury yield settling around 4.5% to 5%, and discusses the outlook for the U.S. dollar. Doyle also examines AI and data-center investment, saying the tech boom is not over but its growth impulse may be peaking as other areas of the economy begin to pick up the slack.