Congress and the Fed have a busy schedule ahead

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Today’s jobs numbers clarified almost nothing about market fears/hopes

In the morning that disappointing jobs news led U.S. stocks down with the Standard & Poor’s 500 falling 1.5%. Fear that the U.S. economy might be slowing and would therefore play into—rather than counter—a slowdown in the global economy drove the losses. In the afternoon, however, stocks rebounded with the S&P 500 finishing up 1.43% on the day on hope of a delay in any interest rate increase.

What the reaction to Friday’s jobs numbers will tell us about this market

Tomorrow’s (Friday) report on job growth for September will be scrutinized for clues on whether or not the Federal Reserve will raise interest rates at the December 16 meeting of its Open Market Committee. But as interesting and important as the jobs numbers themselves might be, I suggest that you watch the market’s reaction to the numbers as carefully as the numbers themselves