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RESEND from Thu. Hold onto your.....>

US DATA PREVIEW
US DATA PREVIEW: RESEND from Thu. Hold onto your hats everyone! Zero-Hedge came
out with a splashy headline ahead Friday's September NFP: "Why Traders Are
'Whispering' About a 500,000 Jobs Print"! Article cites Kit Juckes, Chief Global
FX Strategist for Societe Generale. Mind, MNI current mean est for Fri's number
is 182,000 jobs (this compares to +185k on Bloomberg and a "whisper" number of
+205k). Juckes bases the blow-out figure to "yesterday's record 62.4 reading for
the ISM employment component would 'imply' a 500k increase in private sector
jobs, which would be the best since 1983." More in the realm of reality,
SocGen's senior economist Omar Sharif's official estimate is for +175k. In
fairness, ZH does include Juckes' caveat to the blowout est: "don't think we're
supposed to rush out and revise our forecasts for tomorrow's data as a result,
but the market will be braced for a strong outcome despite the potential drag
from Hurricane Florence, and the underlying message is that the US economy isn't
just in fine fettle, it's on fire," adding Fed Chairman Powell's late comment
"that the funds rate is likely to get above 'neutral' (i.e., above 3%) at some
point, albeit slowly." 

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