Once again an important economic number is set to be released in 30 minutes–the monthly employment report.
Expectations are for 200,000 new jobs created in December with the unemployment rate staying flat at 3.7%. Yesterday ADP reported 235,000 new jobs versus a forecast of 153,000 (for what ADP is worth).
Yesterday was another green day for most preferreds and baby bonds—3 in a row. Whether we will see a 4th up day is totally dependent on the employment report–we will likely see wild swings in equities today—right now futures are totally flat. Interest rates are up 1-2 basis points.
Below you can see many economic items will be released today and we will have a plethora of Federal Reserve yakkers–hopefully they won’t be controversial–but who knows for sure.