Big Week Ahead for Markets as Labor Market Data Looms

The following table from Briefing.com lists the scheduled economic data releases for December 2nd through December 6th, and like the first week of every month, the first week of December ’24 is heavy with labor market data releases, culminating with the Friday, December 6th 7:30 am release of the November ’24 nonfarm payroll report.

The PE ratio on the forward estimate is 22.9x versus last week’s 22.7 and the start of the quarter’s 21.5x;The S&P 500 is back into “PE expansion” mode, since early October ’24 with much of it happening in November post the election results.

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