'cause it ain't gonna make the headlines...
S&P futures vs fair value: +10.4. Nasdaq futures vs fair value: +16.0. Futures trade takes off on the 57K increase in the September nonfarm payrolls number, which ended an seven month string of declines and was much better than the consensus expectation of a decline of 25K... The unemployment rate also held steady at 6.1% (consensus of 6.2%)... As such, the indices are set to rally at the open, underpinned by evidence that the employment picture is improving.
