The Day Ahead: Treading Lightly Around the Jobs Report

The moments just before an employment report are rife with anxiety. There is the constant refreshing of the Bureau of Labor Statistics website, last-minute clients calls and emails, as well as a brewing Twitter competition to share the best statistics and screen-grabbed charts. More often than not, I might have a general feel for how the market will react initially, and then on Monday, and then in the weeks that follow #NFP mania. With that sixth sense for these massaged government-sourced numbers, I may not mind being a little risky with a couple fresh recommendations into the report.

However, this time around I followed the playbook I spelled out Monday and took it easy. Throughout the week, my focus was on capital preservation and on watching the market react to key macroeconomic data. I have no sense for what the market's response will ultimately be, and that is something I find disturbing. It stinks when you are so close to the markets on a daily basis, and yet are mentally frozen -- though I have to admit that, in the past, my cautious tendencies have won out when compared with those times I tried to force a recommendation or call....430 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.