Markets Eye Key Data Amid Rising Bond Yields, December Jobs Debacle

While headlines will invariably revolve around Donald Trump in the new week, the market will need to digest a few potentially meaningful economic data points. Friday's nonfarm payrolls report showed the US labor market slammed into reverse in December. As discussed here, that bodes ill for consumer spending and sets the stage for a downbeat retail sales print. To be sure, things were already tenuous on that front. Retail sales were lackluster in November, as were personal outlays. The US ec