Archive for October 4th, 2018

Notes From Underground: Weather Disrupts. Will It Disrupt Financial Flows?

October 4, 2018

Based on the recent ADP report and other economic data, logic would dictate that Friday’s jobs report OUGHT to be very strong. If the data is weaker than expected, analysts will look to the impact from Hurricane Florence, ” the storm the authorities came to blame.” There are projections that jobs will be diminished by upwards of 50,000 so the initial algo traders will be thwarted. As usual, the critical component of the jobs number will again be the average hourly earnings (AHE), which are expected to rise 0.3% following August’s increase of 0.4%. If this number were to print 0.5% expect bond futures to come under pressure, even on top of violent increase in yields we have experienced this week.

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