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Home Market Outlook Today's Market Summary The September labor market report could be stronger than expected based on the soft data, the high-frequency data, and the alternative data. Thus, interest rates are likely to continue rising, which could trigger a correction in the stock market. The key variable to watch is wage growth—if it comes strong, the inflation expectations could start to rise and intensify the bond market selloff.
Andrew Harnik/Getty Images News Consensus expectations The US BLS is set to release the labor report for September on Friday, October 2nd. The current consensus expectations are: nonfarm payrolls to increase by 100K, which would be below 162K in August, but 14.77K Followers Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions.
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Source: Seeking Alpha
