As to be expected, there is much hype around this morning's non-farm payroll release. The data, "better or for worse," will go along way in shaping investors expectations for the December FOMC decision. To date, Bernanke and company have been vigilant on the dependency of strong data before ever considering tapering. With NFP, the granddaddy of fundamental releases, the end result will certainly have its talking points and this release in particular because of the steady stream of positioning adjustments made throughout this week. The revision in payroll expectations (+185k) coupled with not-so-dovish ECB has ... (full story)