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Jobs Report Preview: Why Markets Need a Solid Number

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What’s in Today’s Report:

  • Jobs Report Preview: Why Markets Need a Solid Number

U.S. stock futures are little changed as the ~2.5% rally off last week’s lows is digested ahead of key economic data.

Economically, the NFIB Small Business Optimism Index dipped -0.2 points to 99.3 vs. (E) 99.8 in January.

Focus today will turn back to economic data via Retail Sales (E: 0.4%).  Put simply, consumer spending is the engine of growth for the U.S. economy and a solid retail sales number will reinforce the currently stock-positive Goldilocks economy.

In addition to data, we do get two Fed speakers today, Hammack (12:00 p.m. ET) and Logan (1:00 p.m. ET) but they are unlikely to move markets.

Finally, earnings season rolls on and some notable reports today include: KO ($0.56), SPOT ($2.95), CVS ($0.99), HOOD ($0.63), F ($0.17), LYFT ($0.13).

 

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