$ProShares UltraPro QQQ ETF (TQQQ.US)$ I feel that good employment data is actually good news for US stocks, indicating that the economy is still healthy. As for inflation, it's just a measure of the economy. The Fed's target is the economy. Inflation is only a gripper. As China's controls are relaxed, as the Russia-Ukraine conflict comes to an end, as the Fed's interest rate hike space narrows, a decline in inflation is predictable. The focus is still on the economy.