SP500 (SP500)

[gdl]

Between the two reports due out tomorrow, a light schedule, the market should however react decisively.

Unit Labor Cost was a whopping 8.3% last month. The street actually expects a repeat. High bar to top but if it is watch out below!

Non farm productivity was minus 5% last month. The street once again is expecting a repeat. high bar indeed!

if both come in even worse a dramatic drop will occur. if not, we should see the continued up move signaling the end of this slide.

Have no clue if we finished the slide or not or we have one more wave down.

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Here is the rub. A bad report affecting the market tomorrow is sure to add fuel to the fire come Wednesday. JOLTS report expected to be another record setter with over 10 Million job openings.