Everything is coming up roses in front of tomorrow's Payrolls number. Initial Claims, Productivity and Factory Orders all came in better than expected. Crude Inventories showed demand with a larger than expected drawdown. Even with all of the good news the equities spent most of the day trading sideways and oil had to settle for an inside up day. Metals never really saw daylight. Turns out too much of a good thing really is too much. The Fed will definitely be talking about these numbers when they meet again.
Nonfarm Payrolls Forecast 195k Prior 161k
This is the one we've been waiting for. It's been a week full of strong numbers but nobody wants to date the ugly little sister when they've got a shot with big sister. Watch all sides -we could have some swings as the markets try to figure out what Big Daddy Fed is going to think. Good luck.