Locked and loaded for a Friday jobs day with eyes on the Supreme Court

It’s the first ‘big day’ of the year in a year that feels much longer than 9-days already.

The non-farm payrolls report is due at the bottom of the hour along with the Canadian jobs report. Before the report is released, read

• Preview: December non-farm payrolls by the numbers. Finally past the shutdown fog

The consensus is 60K jobs with a 4.5% unemployment rate. The jobs report is always a roll of the dice but the preview outlines why I think risks are skewed towards a higher number.

The Canadian number is always volatile and the prior was +53.6K so there’s likely to be a pullback. The consensus is -5K.

Both of those events may only see a limited market reaction as traders hold their breath for 10 am ET, when the Supreme Court might release its tariff decision.

See:

• The Supreme Court scheduled Friday as an ‘opinion day’. What’s the trade
• How the White House will pivot if the Supreme Court strikes down current tariffs

This article was written by Adam Button at investinglive.com.