Photo: Chagai, Wikimedia Commons
Brace yourself. Today should be pretty big.Of course, the Facebook S-1 is expected to hit the web in the next few hours.
Then there’s tons of economic data.
JOBS WEEK officially kicks off today with the release of the Challenger layoffs report and the ADP jobs report. The consensus estimate, per Briefing.com, is for private sector jobs gains of about 200K.
That of course always serves as something of a preview for the Non-Farm Payrolls Report that comes out on Friday.
Then at 10:00 AM we get construction spending and (expected to grow 0.4%) and the January ISM expected to clock in at 54.9.
Also during the day we get car and truck sales, which should be very interesting. Auto sales have been on a tear, and a continuation of this strong growth in January would certainly be a bullish sign.