Wind out of the sails

By Craig Erlam Stock markets were making small losses on Tuesday, while US futures were relatively unchanged. The recovery rally has lost momentum in recent sessions, which is understandable after that jobs report. That’s not to say optimism can’t and won’t return, but that wages component was a huge body blow. Investors are a little winded and it may just take a little time to get their breath back. The PPI data on Friday could offer a helping hand on that front, but even then, it will be hard to ease the concern Fed policymakers will undoubtedly have about theThe post Wind...