yogita limaye is in new york ssource wherever the dow ends up, it has been an astonishing day. yes.ast week, as you pointed out. finally enough, you had a labour report that came out about employment in america. it came out on friday morning and was something that was positive for the economy. 200,000 jobs were added, more than expected, and wage growth, which was 2.996 expected, and wage growth, which was 2.9% over the previous year, more than what most people expected, but as you pointed out, there is not actually a direct correlation between the strength of the economy and the level of the stock market so what has happened is because of that higher than expected wage growth, what people are expecting is that if people's salaries go up, prices go up, inflation goes up. what happens when inflation goes up? the central bank will essentially be compelled to raise interest rates to try and keep inflation under control, and before friday when i spoke to traders and said how many rate rises do you expect this year, they said about 23. that is what they were expecting. then you have this