The Traderszone Network

Published in TZ Latest News 3 October, 2017 by The TZ Newswire Staff

"Your Guess Is As Good As Mine" – Traders Build Positions Ahead Of Statistically-Meaningless Jobs Data

With December rate-hike odds hovering around 70% now, despite the continuing collapse in ‘hard’ economic data, all eyes will once again be focused on this Friday’s jobs data (as the ‘single arbiter of truth’ for the economy). However, as former fund manager Richard Breslow notes, “Your guess is as good as mine,” is probably the best description of the set of forecasts for this week’s release of the non-farm payroll report.

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