It appears – judging by today’s shenanigans – that good news for Main Street (rising employment costs) is bad news (for stocks), though obviously there are other factors; but tomorrow’s payrolls data is the last best hope before the Fed finishes its taper for them to pull a ‘data-driven’ U-turn out of the bag. Consensus is for a drop from last month’s exuberance at 288k to 230k (with Barclays slightly cold and Deutsche slightly hot).