Tomorrow is a big news day. The employment report actually follows other employment data this week. First, it was shown that private sector jobs expanded by over 200,000 last month. Second, weekly jobless claims are now the lowest in nearly three years. Both of these are really good news. If the employment report also shows substantial gains (predictions are for almost 200,000 jobs)–then consumer confidence should rise. Easing of oil prices due to political tensions would also help in this regard.
The stock market started a major recovery early Thursday and rates were up. A disappointment along with continuing political tensions could cause the markets to fall back. However, if data comes in positive–will the markets continue to rally or have the markets anticipated the good news?