The strategist’s ‘Goldilocks’ series to watch in the September jobs report

Investors are eagerly awaiting the September jobs report, which is scheduled to be released Friday morning. Economists polled by Bloomberg expect 150,000 new jobs were created this month.

Ohsung Kwon, US and Canada equity strategist at Bank of America, expects 150,000 new jobs will also be created. “We believe the Goldilocks range for stocks and the labor market is somewhere between 125 and 175,000. “So as long as we stay in that range, which is a pretty solid number, I think stocks and the soft landing narrative can continue,” he tells Yahoo Finance.

He notes that “the job market has obviously slowed, but it’s not falling off a cliff.” Given that the Federal Reserve made an “aggressive” 50 basis point interest rate cut in September, investors may miss the numbers were somewhat weaker than expected.

Watch the video above to see how Kwon is currently trading in the markets and his outlook for earnings season.

For more expert insights and the latest market activity, click here to watch the full episode of Market Domination Overtime.

This post was written by Stephanie Mikulich.