June Payrolls Preview: Great News Will Be Very Bad News For Stocks

Zero Hedge -

Zero Hedge—With US nonfarm payrolls in two of the past four months printing at a disappointing 75K or below, Wall Street expects a decent rebound when the BLS reports June payrolls tomorrow at 830am, which are seen rising up to 160K. Fed’s Powell suggested in his recent press conference that the central bank looks at the three-month trend, rather than a single print, and if the headline was realised, it would only be a touch above the three-month average rate at 155k, according to RanSquawk. Alongside the...

Bad News Is Good News On Payroll Friday. Authored by Bryce Coward via Knowledge Leaders Capital blog, All eyes will be on today's payroll report for clues about what it means for the Fed’s next move. Indeed, the payroll report will be the most important US economic data point between now and the Fed’s next meeting at the end of July, so the stakes are high and expectations have been set. In this post we’ll highlight how this payroll report could either beat or miss expectations and what each case could mean for bonds, stocks, the USD...