The drop in the unemployment rate to 4.4% has significantly reduced the odds of a January rate cut from 15% to 2%, suggesting a less dovish Fed outlook. With the S&P 500 near all-time highs and high-beta stocks favored, investors should monitor the Supreme Court's tariff ruling expected Wednesday and the potential impact of Trump's proposal for Fannie and Freddie to conduct QE on mortgage-backed securities. Silver is also noted at $80.