Big fake out in tomorrow's job report possible

Aaron Pressman

With news of the Fed and the future path of its rate hike campaign driving the market of late (mostly downwards), tomorrow's Labor Department report on jobs could have an impact well beyond the bond market. The consensus forecast, according to the WSJ, is for a gain of 218,000 jobs. But weather-related distortions over the past two months may lead to a happy surprise on Friday that ends up being more tearful in weeks to come, according to Morgan Stanley analyst David Greenlaw.

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