I think all these reports taken together are going to paint an economy that is too hot. Labor costs are rising and that is beginning to lead to some signs of inflation.
Earnings have been fantastic. Any weakness in the market you've got to attribute to (the) rising interest-rate environment.
The easiest thing is to be bullish when the market is rising and bearish when the market is falling. But as we all know, that's not how to make money in the stock market.