The fortune tellers anticipate that tomorrow’s Jobs Report will reveal that 250,000 new positions opened up last month and that the unemployment rate will remain at 5.5%. Hourly earnings are anticipated to have risen 0.2%. Those are the easy predictions. The difficulty is in predicting how the markets will react to the data released tomorrow (or any day lately) because of the artificial low-rate environment we have enjoyed now for almost half of my career.
