This Friday, the Bureau of Labor Statistics will release the February Employment Report. The consensus headline Non-Farm Payroll (NFP) figure is 200K, and consensus monthly change in Average Hourly Earnings (AHE) is 0.2%.

Johnny Bo Jakobsen observed that forecasts based on ISM employment points to a strengthening job market. Based on this analysis, I am tempted to take the the over on NFP and AHE.

Even as the market focuses intensely on NFP and AHE, there are far more important internals to watch beyond the headlines.

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