Synchrotron Radiation Induced X-ray Fluorescence Spectroscopy

I have got to get me one these.  If it can find long lost paintings I think I might be able to put it to work finding out what the NFP will be this Friday and what the Fed decision will be next Tuesday.

Instead I am sitting here in the office today wondering about what Friday has in store. Those that might not know, NFP is released at 8:30 AM EST and it looks to be a market mover, well it always is, but this one may be more so than normal.

This morning’s release of ADP’s better than expected +9K, created little stir in the market. General consensus for Fridays NFP is -75 to -77. It’s the surprises that create the big hurts. If NFP was considerably firmer than expected, the implications reach further that just that day’s trading.

What effect will a firming labor market have on future fed decisions? Next week the Fed meets on Tuesday morning and will have a rate announcement in the afternoon. Most are giving only a slight chance of an increase. Over the last few months expectations for a raise have been pushed into later in the year, but with firming labor and a few other numbers showing signs of strength, who knows.

Until I can lay my hands on one of those Synchrotron Radiation Induced X-ray Fluorescence Spectroscopy thingy’s, I’ll just keep tossing chicken bones into a turtle shell.

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