It’s the first ‘big day’ of the year in a year that feels much longer than 9-days already.
The non-farm payrolls report is due at the bottom of the hour along with the Canadian jobs report. Before the report is released, read
Preview: December non-farm payrolls by the numbers. Finally past the shutdown fog
The consensus is 60K jobs with a 4.5% unemployment rate. The jobs report is always a roll of the dice but the preview outlines why I think risks are skewed towards a higher number.
The Canadian number is always volatile and the prior was +53.6K so there’s likely to be a pullback. The consensus is -5K.
Both of those events may only see a limited market reaction as traders hold their breath for 10 am ET, when the Supreme Court might release its tariff decision.
See:
The Supreme Court scheduled Friday as an ‘opinion day’. What’s the tradeHow the White House will pivot if the Supreme Court strikes down current tariffs
This article was written by Adam Button at investinglive.com.