Fed Likely To Keep Rates Low

Today's disappointing jobs report makes it more likely that the Fed won't be raising short term interest rates any time soon. While the market registered mild displeasure with the Nonfarms Payroll number, there could be a silver lining for the equity markets. "People were worried about the Fed switching from being a tailwind to a headwind for the economy. This takes some pressure out of the market in knowing the Fed is on our side," said Burt White, chief investment officer for LPL Financial.

If the central bank does indeed keep interest rates low for an extended period of time, sectors that are particularly sensitive to a rising dollar should outperform. These sectors include commodities, energy, materials, and industrials.