Posted on

MI2 Chart Point: NFP – Once More Unto the Breach


While forecasting NFP seems trivial compared to Henry V’s assault on the battlements, there are times that it is a rather daunting prospect! Indeed, just last month, our work suggested that the number would disappoint, only to get blown away by a whopping print of 850k (“MI2 Chart Point: NFP – It Takes Two to Tango” 1st July)! However, in yet another example of Wall Street’s love of straight-line extrapolation, this week’s forecast is for 870k, with the whisper number above 900k, which ironically raises the odds they are wrong.

To access this content, clients must log in. To inquire about access, please contact us.