Strong Jobs Report Could Spark Selling

This is the last jobs report before the mid-term elections.

PRE-OPEN MARKET COMMENTS WEDNESDAY - This Friday the jobs report will be released and it should be better than the 90K analysts expect. Weekly unemployment initial claims have been 200K on average and that is a relatively low number. Last month, job creation soared to 162K new jobs. This morning, ADP reported that 90K jobs were created in the private sector during the month of September and that was much better than expected (73K). The odds of a "beat" are good in my opinion.

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