Thursday, January 26, 2017

Jobs Can Blow Away Expectations: Market Positive

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Non-farm payrolls report next Friday.

Weekly jobless claims have predicted NFP.

NFP should beat expectations by a wide margin which would be a positive market event.

Jobless claims slowed slightly today but the four-week average is much lower than December. That four-week average has predicted non-farm payrolls ("NFP") with great accuracy. NFP has proven to be a catalyst for markets (NYSEARCA:SPY) so can drive equity prices higher.
Jobless Claims Slowed Today
Source: Trading Economics
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