|If we get another good employment reading tomorrow, higher bond yields will keep pulling the marketr higher.|
So far, the debate over the cliff has been a draw as far as the market is concerned. In December, it went from 13,400 back to 12,900 anticipating that a deal would not be done. Now, it's right back where it was in mid December.
If the employment number is bad, I guess we're due for a pullback. Considering 200K private jobs were added last month, I don't see how the jobs numbers disappoint this month. Construction jobs are starting to make a nice recovery.