The strong Jobs Report sent treasuries lower and yields to the upside. Is it also weighing on the indices like the S&P 500 or the SPX, Dow Jones, Russell 2000, and Nasdaq-100? The labor market still seems to be robust and strong. However, are average hourly earnings still under pacing inflation? The U.S. added 390K jobs in May. What is the impact of energy prices like oil continuing to move higher? "The bearish stock market sentiment is overdone. There are opportunities to sell into rallies and take profits," says George Tsilis.