This puts to rest any question of whether or not we're going to have an explosive recovery. We're clearly not.
If we see strong average hourly earnings, that would be bad for stocks and bonds because it puts the inflation bogey-man on the front burner.
I think this report clearly shows that we got a hurricane bounce back. It also puts the possibility of a Fed rate hike in December back in play.
I think if you get a payroll above 300, it will probably spook the market. It puts the Fed back into play.