Stocks Keep Ignoring All the Bad News. But a Big Test Is Coming.
Samuel Tombs, of Pantheon Macroeconomics, is looking for a headline gain of around 125,000 new jobs, which matches Wall Street’s forecast and would mark the slowest growth rate in nearly a year outside of October’s reading. Torsten Sløk, chief economist at Apollo Global Management thinks the pace of job growth will slow to 120,000 a month in the current quarter, with tallies of 64,000 and 66,000 over the back half of the year.