Editor's Note: Below is an excerpt and chart from today's Early Look.

I think tomorrow could very well present a fantastic short-covering opportunity in Utes, Staples, and REITS. Why? 

  1. Tomorrow we’ll get what could easily be another “hawkish” US Jobs report
  2. If WAGE GROWTH comes in hot, there’s no reason why the UST 10yr Yield can’t go back to the top-end of the range
  3. At the top-end of the @Hedgeye Risk Range in Bond Yields, you cover Bond Proxy (XLU, XLP, VNQ) shorts 

CHART OF THE DAY: Hawkish Jobs Report On Horizon? - 03.08.18 EL Chart