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Afternoon Note

Quiet Session

By Charles Payne, CEO & Principal Analyst
12/5/2019 1:25 PM

It’s been a quiet session, as I suggested in the morning commentary.  Investors are bracing for tomorrow’s jobs report.  Typical jobs report tension is enhanced after yesterday’s 67,000 jobs report from ADP.



Additional anxiety is coming from the employment components of other economic data releases.

November Economic Data



ISM Manufacturing



ISM Services



Empire Fed Survey



Philly Fed Survey



Consumer Confidence (Jobs Plentiful)



I have to say forget the official consensus.  The good news is expectations are much lower than the consensus of 185,000 coming into the week, which means the bar is low.  Moreover, I suspect goods producing from the Bureau of Labor and transportation are going to come in stronger than the ADP report.

The major indices are lower, but not by much.  


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