Marketmind: Paying particular heed to payrolls By Reuters

A look at the day ahead in markets from Alun John

U.S. payrolls data day is dawning shortly and set to tell us whether markets should be more worried about inflation or a recession.

As Rabobank notes — Will a weak print provide more ‘pivot-fuel’ for a market already so drunk on it that it won’t heed the Fed saying “WRONG!” over and over – as they just did yet again yesterday? Conversely, will a strong payrolls number sober the market up?

If markets decide good jobs news is also good news for stocks, expect the bouncers at the Fed to shout even louder.