BofA: The Liquidity Supernova Is Ending, "This Is The Biggest Risk of All"

$1.9 trillion of purchases by central banks thus far in 2017… helps explain lower yields & higher equities. But in 2018 the level of G4 central bank liquidity will peak at $15.3tn in March and the YoY growth of G4 central bank liquidity will decline in 2018 & will turn negative in Jan’19.

Where The October Jobs Were: Record Waiters And Bartenders

In October, a record 88,500 waiters and bartenders were added, compensating for the record plunge during the hurriccane-impacted September. This means that waiters and bartenders represented a third of all jobs added in October.

Payrolls Preview: Here Comes The Post-Hurricane Surge

The BLS will release the October Employment Report at 08:30am ET on Friday, November 3.  The Street is looking for a veritable surge in hiring following the hurricane-related disruption last month sent monthly payrolls to the first negative print in 7 years. Analysts also expect wage growth to continue rising: Median forecasts looks for 310k nonfarm payroll jobs, with average hourly earnings rising rise to 2.7% Y/Y