Red-Hot Jobs Report Signals More Rate Hikes Ahead; Housing and Finance Sectors Face Challenges

The latest U.S. jobs report smashed expectations, showing the economy is running much hotter than the Fed would like.

With inflation also rising again, the report likely means another Fed rate hike is coming.

Higher rates are already severely impacting the mortgage and housing markets.

Other related sectors like finance and home improvement may also be hit hard.

However, the beaten down sectors could present good long-term buying opportunities at lower prices.