It's Employment Data Day (for the US)

Financial markets will be watching the data closely for clues as to whether it will impact Fed decision making.

Most important will not be the "headline" data, but wage growth data:

Last month wage growth showed the strongest performance since 2008.

This is a key data point for the Fed in its inflation watch , which in turn will impact future decision making on interest rates. 

• It is also important to remember that this is one month's data and is subject to significant revisions.
• Therefore it should be taken in context with other data.
• If it is outside market expectations, financial markets may get a little volatile.

Speaking of Volatility:

Volatility has been rather subdued of late, which could be the "calm before the storm".

Time will tell!!

Be Balanced, Be Diversified and you won't have to worry about short-term volatility.

 The views expressed are those of the author, Scott Tomenson, a Raymond James Financial Advisor, and not necessarily those of Raymond James Ltd. It is provided as a general source of information only and should not be considered to be personal investment advice or a solicitation to buy or sell securities. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor's circumstances and risk tolerance before making any investment decision. The information contained in this blog was obtained from sources believed to be reliable, however, we cannot represent that it is accurate or complete. Raymond James Ltd. is a member of the Canadian Investor Protection Fund