But we should get some fireworks around 8:30 tomorrow morning New York time. The markets expect payrolls to grow an anemic 97,000 (averaging the Reuters and Bloomberg consensus forecasts together) despite this morning’s robust ADP report which showed private sector hiring grew 157,000.
The unemployment rate is expected to hold steady at 9.1%.
Weak data could take the steam out of the risk-on environment we saw today.
If you haven’t done so yet, take a chance in our payroll contest…Don’t cost nuthin’…