Will Friday's Jobs Report Be Overshadowed by Trump and Xi?

With markets treading water post Wednesday's robust ADP payroll report, investors are now shifting focus to see whether Friday's jobs report will cause a rebound in the stock market. TheStreet's Scott Gamm said that should the number come in higher than the anticipated 175,000, a rally in equites is likely. However, Gamm hedged that the report may be overshadowed by the meeting between president Trump and his Chinese counterpart Xi Jinping on Thursday and Friday. The leaders of the world's two largest economies could come into some conflict over trade and currency matters. Another factor to watch is Washington. Gamm said that the possibility of House Speaker Paul Ryan derailing economic reform, could have implications.

This article is commentary by an independent contributor.