Friday Jobs Report Is Big

The market wants proof that the 50 basis point rate cut was not due to signs of economic weakness.

PRE-OPEN MARKET COMMENTS THURSDAY - The market is roughly where it started the week so all of the news has not had a major impact. Global PMIs in Europe and Asia were a bit soft, but domestic employment numbers have been good (ADP, JOLTS. Challenger and initial claims). Analysts are expecting 148K new jobs tomorrow and according to all of the other data points it should be in line.

Daily Bulletin Continues...