I’ve now heard from multple sources that the jobs figure is going to be “better than expected” on Friday. NYSE floor trader Steve Grasso also mentioned this yesterday on CNBC. Has the news leaked and are investors front running the number? This morning’s ADP report showed substantial improvement which would back-up any idea that we’re due to see a sharp decline in job losses….Did the news leak?
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.