Will the Jobs Report Impact the Goldilocks Economic Narrative?

This churning action also may be an indication that sentiment is starting to shift and corrective action is coming. The November jobs report here on Friday is going to provide a clue as to how this trading range action resolves itself. The market has embraced a Goldilocks view of the economy in which the war against inflation has been won, the Fed will start cutting rates early next year and there will not be any significant economic slowdown.