Wednesday features high-impact ADP employment at 8:15 am, a crucial Fed Chair Warsh speech at 9:00 am, and ISM Manufacturing at 10:00 am. Thursday at 8:30 am, Nonfarm Payrolls and hourly earnings will define the labor market's strength. Today, Tuesday, JOLTS and Consumer Confidence at 10:00 am offer initial insights. Next Monday at 10:00 am, ISM Services PMI provides final growth metrics. Traders are monitoring Warsh for potential policy shifts amid cooling labor demand.
Prepare for sharp volatility during Wednesday's ADP and Warsh speech, as these often front-run payroll expectations. Prioritize USD and Treasury positions ahead of Thursday’s 8:30 am jobs report. If ISM data misses, expect a rotation into defensive sectors.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.