Opinion

Markets Brace For Jobs Report

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Posted: Mar 02, 2021 1:32 PM
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Markets Brace For Jobs Report

Source: AP Photo/Richard Drew

Slowly but surely, the market is looking better with five sectors edging into the plus column from just two for most of the session.

S&P 500 Index

 

-0.33%

Communication Services XLC

 

-0.01%

Consumer Discretionary XLY

 

-0.38%

Consumer Staples XLP

+0.21%

 

Energy XLE

+0.02%

 

Financials XLF

+0.09%

 

Health Care XLV

+0.02%

 

Industrials XLI

 

-0.19%

Materials XLB

+0.82%

 

Real Estate XLRE

 

-0.75%

Technology XLK

 

-1.08%

Utilities XLU

 

-0.08%

 

Slowly but surely, the market is looking better with five sectors edging into the plus column from just two for most of the session.

I think this is the proverbial calm before the storm.

It begins with the ADP employment report in the morning – I’m rooting for a strong number.

On Thursday, Jay Powell is at a WSJ event and he better say something different.  The smallest nugget that suggests real commitment to staving off inflation would provide the biggest spark.

Then, we get the BLS jobs report on Friday.

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