NFP Preview: Boils down to CITI/JPM vs MS

Founders: Plus

BOTTOM LINE: IT LOOKS LIKE THE BIG BOYS ARE THINKING 50 BPS, WHICH MEANS THEY ALL THINK UNEMPLOYMENT WILL BE WEAK.

That puts MS and TSL in the minority as far as their own opinions of a less bad jobs report.

Reference point: Last month everyone noted the Sahm rule was in play. 4.3% this month cements “recession” historically.

Simple levels:

• 4.3% stocks and…