Market Digest \u2013 Week Ending 5\/8\r\n\r\nA strong jobs report Friday allayed concerns about the US economy slowing and brought stocks back into positive territory for the week. Employers added 223,000 jobs in April, bringing the unemployment rate down to 5.4%. In the UK, the Conservative Party had an election victory, giving Prime Minister David Cameron a majority in Parliament.\r\n\r\nWeekly Returns:\r\nS&P 500: 2,116 (+0.4%)\r\nFTSE All-World ex-US: (+0.3%)\r\nUS 10 Year Treasury Yield: 2.15% (+0.04%)\r\nGold: $1,187 (+0.8%)\r\nUSD\/EUR: $1.12 (+2.9%)\r\n\r\nMajor Events:\r\n\u2022 Monday \u2013 Cisco announced Chuck Robbins will succeed John Chambers as CEO.\r\n\u2022 Tuesday \u2013 Disney announced stronger than expected earnings, driven in part by continued success merchandising last year\u2019s hit, Frozen.\r\n\u2022 Thursday \u2013 Fitbit filed for an IPO.\r\n\u2022 Thursday \u2013 Yelp was rumored to be evaluating a sale of the business as it struggles to meet user and revenue growth expectations.\r\n\u2022 Thursday \u2013 The Conservative Party was deemed the winner of UK elections, gaining a majority in Parliament and bringing into question issues of Scottish independence and a break from the EU.\r\n\u2022 Friday \u2013 The US economy added more jobs than expected in April. Official unemployment dropped to 5.4%.\r\n\u2022 Friday \u2013 The Justice Department opened a probe into how the Baltimore police department stops, searches and arrests people.\r\n\r\nOur take: \r\n\r\nThe market is stuck in a tug-o-war between desires for strong growth and fear of the Fed raising interest rates. Friday\u2019s jobs report satisfied both \u2013 a \u201cGoldilocks\u201d scenario that drove stocks and bonds higher. While this provided a fuzzy feeling heading into the weekend, eventually one side will have to give.\r\n\r\nThe best scenario for stocks is if the economy grows a consistent, moderately strong rate which allows the Fed to raise rates slowly and in a measured way. There\u2019s no reason to think that can\u2019t happen, but economies are impossible to predict.\r\n\r\nIn San Francisco, it feels like things may be overheating. But with national hourly earnings up just 2.2% from a year ago, we\u2019re reminded that doesn\u2019t necessarily represent the bigger picture. So after last week\u2019s disappointing Q1 GDP number, the strong jobs report was welcome news.