Into Tomorrow's Jobs Report, Dealer Gamma Is The Longest On Record

Now that settling inflation is no longer viewed as the trigger event that will force the Fed to cut rates early (or not to cut) and instead it's all about jobs as Goldman explained yesterday...

"the path to a near-term Fed cut is more likely to come via a deterioration of the US labor market rather than from the inflation side of the mandate."

... and following our recent analysis that about half the jobs added in the past year are fake, statistically artifacts (and the other half are illegal aliens), traders are once again paying close attention to the setup into tomorrow's number.