Friday's Jobs Report May Calm Wall Street, at Least for a Day

Friday’s jobs report will likely only continue to fuel the debate on the health of the economy and what the Federal Reserve will do next. January’s nonfarm payrolls number is expected to come in close to 200,000, and the stock market should react well to that, according to one money manager. ‘The markets want slow growth news, because that says the Fed will wait and we’re not going to get these four rate hikes, which by the way we’re not going to get. And that’s becoming pretty clear,’ said David Kotok, Chief Investment Officer at Cumberland Advisors. Kotok sees a slow growing U.S. economy, but no recession on the horizon. ‘There’s nothing wrong with a low growth rate, low interest rate, low inflations rates. It’s great for the investor,’ said Kotok.