The average hourly earnings are still hanging out around 5% year-over-year growth which is not at all consistent with 2% inflation, says Jeffrey Cleveland. He discusses how the markets are off of session highs with major indices set for a losing week. He talks about how if investors want to be bullish you can say payrolls beat and the recession is delayed. But, if investors want to be bearish you can say the U.R. rose and household survey employment declined. He then goes over how deep a potential recession could be. Tune in to find out more about the stock market today.