The Consumer Discretionary sector (XLY) is trading higher, in line with a broad market rally. This widespread positive sentiment is primarily driven by a U.S. jobs report that came in cooler than economists expected. [5, 6] This has eased concerns about a potentially overheating economy and rising inflation, leading to a decrease in Treasury bond yields which had recently reached multi-decade highs. [1, 2, 3] Lower yields are generally supportive for stock valuations, prompting a risk-on mood across the market.