WBA - Wall Street Breakfast: Job Market Recovery?

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Job market recovery?The upbeat mood on Wall Street is likely to outshine any weak job numbers seen today as equities continue to tack on record highs. A huge negative miss in the ADP's private payrolls figure already seen Wednesday did little to impact market sentiment as traders bet a new Democratic-controlled government would lead to robust fiscal stimulus to support the country's economic recovery. Futures also marched higher overnight, advancing another 0.3%, after a stellar session on Thursday.Forecasts: Consensus estimates see 75,000 jobs added last month, less than a third of November's gains, as the coronavirus spread rapidly across the U.S. A number of Wall Street firms even see negative job growth, with predictions from Goldman Sachs, JPMorgan, Credit Suisse and Barclays ranging from a loss

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Wall Street Breakfast: Job Market Recovery?