Wednesday, November 9, 2016

Now We Need Jobs To Hold Up

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*Jobless claims data reports tomorrow and while it doesn't get the attention it deserves it is an important indicator for the economy and stocks.
*Jobs have been slowing so the Fed's plan to raise rates could hurt.
*Now with expectations for a hike lower, a good jobs number could help markets.

The Fed closely follows non-farm payrolls ("NFP") which have been slowing. The measure has been strong enough for the Fed to consider a rate hike. Rate hike expectations dropped with Donald Trump's winning the 45th presidency. The ingredient that can help propel stocks higher is a strong economy which means strong jobs. Tomorrow's jobless claims report comes to be important to know if markets can hold up and go up.

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