Friday's Jobs Report

Economist's estimates for Friday's Jobs report remains way too high. I cannot comprehend why after every economic number has been coming in soft they still expect non farm payrolls (ex-Census) to increase by 150,000. Today's ADP report should go a long way towards helping price in a bad number into the market. If the market is still depressed on Friday I expect we will rally on a bad number.

1 comment:

Onlooker said...

Huge call buying on the first print at ISE on this spike. Turned back from resistance levels of yesterday's trading range, so far.

I agree with you about being too bearish here, but apparently plenty are still trying to pick a bottom here and got real excited on that skyrocket rise/short squeeze.