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Uncertainty in the Market: February Jobs Preview
Following a strong January number, economists expect an increase of 175,000 jobs in February. If this is indeed the case, it may provide some stabilizing power in what continues to be a very volatile market.Within the last two weeks, the market has seen multiple triple digit moves in the ES with the VIX spiking to above 40. It will be interesting to see how the market may react to a positive job increase amidst the numerous external challenges facing the economy.With the continued Covid-19 headlines, an increase of 175K jobs would suggest the domestic economy is still stable and growing steadily. However, this metric ... (full story)