The January payrolls report must be an excellent one, supported by a variety of special factors. Our bias is to get an above-consensus estimate. However, there are many statistical issues it might be a total surprise in both directions. Forecasters have traditionally done a lousy job in forecasting the results. It is going to likewise be very difficult to interpret the characters on the launch itself. This might also impact market reactions and turnarounds in directions some minutes following the release are an opportunity.
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