RE:Jobs number tmr MUST fall below expectations Well, certainly looks like the market is anticipating a pretty good jobs number, hence the selloff beforehand. With a 500+ selloff in the Dow, to selloff further tomorrow would mean an unexpectedly blowout jobs # and the higher for longer and slower to lower back in play.
One other concern.... oil silently creeping towards $90... not great for inflation #'s going forward. Talk of a rate hike would instantly signal a direction change. That is unlikely but certainly not impossible.
flamingogold wrote: That will indicate the need for a June cut. If job strength continues to overwhelm, on one hand, there's no recession but rate cuts get pushed further out yet again. The market has baked in 3 cuts starting in June and if June is no longer viable, the runup lately will need to be re-priced. For splits on the cusp especially DF now, it could spell a missed distribution.