Wall Street warns: If you don't want a big drop in U.S. stocks, tonight's non-farm payroll needs to be "just right."
Bank of America stated that only "Goldilocks" data can keep long-term interest rates below 5%, stabilize interest rate sensitivity, and prevent the Nasdaq's leadership from wavering. "Explosive" data could lead to a decline of about 4% in the S&P 500 Index to 5,666 points.
US Morning News Call | Market Focuses on Today's Release of Nonfarm Payrolls
Fed's Musalem: Greater Caution Is Warranted on Reducing Interest Rates – WSJ
US Stocks To Open On A Tentative Note As Traders Remain Cautious Ahead Of Friday's Crucial Jobs Data
USD: Payrolls Should Keep Fed Cautious – ING
Inflation Data, Bank Earnings Bonanza: What to Watch Next Week -- WSJ
