--- title: "TRADING THE WEEK: Upcoming Jobs Report, Election Limit Activity" description: It seems that much market activity is on hold ahead of the highly anticipated Nov. 8 election results. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Trading-the-week-Neww-e1488203985671-May-12-2022-09-19-58-03-AM.png --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/trading-week-upcoming-employment-report-election-results-limit-activity#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Institution](https://articles.marketsmedia.com/tag/institution) - Institution - TRADING THE WEEK: Upcoming Jobs Report, Election Limit Activity Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/trading-week-upcoming-employment-report-election-results-limit-activity#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 10.31.2016 By John D'Antona Institution # TRADING THE WEEK: Upcoming Jobs Report, Election Limit Activity 10.31.2016 By John D'Antona ![TRADING THE WEEK: Upcoming Jobs Report, Election Limit Activity](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Trading-the-week-Neww-e1488203985671-May-12-2022-09-19-58-03-AM.png) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/trading-week-upcoming-employment-report-election-results-limit-activity) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/trading-week-upcoming-employment-report-election-results-limit-activity) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/trading-week-upcoming-employment-report-election-results-limit-activity) It was almost quiet enough to hear a pin drop. Almost, one trader said. The US equity markets endured a week with mild economic reports and mild interest as volatility remained low ahead of next week’s crop of economic data reports and the Nov. 8 Presidential election. Last week saw lackluster trading activity as neither the Federal Reserve speakers nor the marquee data report, the initial reading for third quarter GDP failed to goose traders into taking on new positions or altering existing ones. GDP, which was released last Friday, showed a rate of 2.9% but was skewed by a jump in soybean exports – not much for traders to hang their hats on. Also, consumer spending data within the report dropped to 2.1% from 4.3% during the prior quarter. “Today’s (Friday GDP report) release will likely improve the perception of economic conditions in the U.S. and slightly increase the odds of a Democratic president remaining in the White House,” Brian Schaitkin, senior economist at The Conference Board, said in a statement. “It remains to be seen whether such a result will calm the nerves of hesitant executives,” he added. “Regardless of the outcome of the election, the environment for investment remains weak due to a combination of higher wages and weak pricing power for firms, which have caused profits to decline during the past two years.” Traders concurred adding the report failed to generate much interest and shouldn’t affect growing market consensus that the Federal Reserve won’t move interest rates ahead of the election when it meets this week. According to research from the CME Group, the Fed will leave rate unchanged – however, it will likely signal a willingness to increase rates at its December meeting. Pricing in the futures market shows that traders see a 74% chance that the central bank will raise rates by December, they group reported. “It was a really quiet week with a whole lot of nothing going on,” lamented a floor trader, describing last week. “We’re beginning to settle into the ‘Election Day’ trade with some minor jockeying around but nothing wholesale going on.” Also, contrary to one trader’s hopes, last week’s Q3 earning numbers, which included 262 U.S companies, failed to stir much interest. There was a mini-burst of trading interest early Friday afternoon, when news broke that the FBI was re-opening an investigation into Hillary Clinton’s e-mail server. That sent the markets lower, if only briefly. But, it was an indication of further election-related volatility ahead. Trading on U.S. equity exchanges averaged 6.46 billion shares per day for the week ended October 28, according to Bats Global Markets data. That’s up from an anemic average of 5.84 billion shares in the week ending October 21. Looking ahead, next week’s dearth of market moving economic data is likely to prolong a lack of activity. However, Friday’s employment report could stir things up. **This Week’s U.S. Economic Indicators of Interest**: | Monday | Personal Income Chicago Purchasing Managers Dallas Fed Manufacturing Survey Fed’s William Dudley Speaks | | --- | --- | | Tuesday | Redbook Retail Sales FOMC Meeting Begins Construction Spending   | | Wednesday | FOMC Meeting Announcement | | Thursday | Jobless Claims Factory Orders | |   Friday | Unemployment Report International Trade | | | |   **More on Trading:** - Keeping the Trader in Machine Learning - Buy Side Looks to Fill Market-Making Vacuum - Treasuries May Get ‘Reg ATS’d’     [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/trading-week-upcoming-employment-report-election-results-limit-activity) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/trading-week-upcoming-employment-report-election-results-limit-activity) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/trading-week-upcoming-employment-report-election-results-limit-activity) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg?width=376&height=250&name=trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg)](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) Daily Email Feature ## [ON THE MOVE: Citi Hires Artie Ambrose; Natalie A. Brown to Mesirow](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) The weekly recap of new hires, promotions and job changes in capital markets trading and technology. 07.05.2022 By Anna Lyudvig, Traders Magazine 2. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg?width=376&height=250&name=Depositphotos_445735906_L.jpg)](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) Daily Email Feature ## [Trading Adapts to ESG and Sustainable Investing](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) Traders are increasingly being asked how ESG fits in execution. 07.01.2022 By Frank Loughlin, AllianceBernstein 3. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg?width=376&height=250&name=iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg)](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) Daily Email Feature ## [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) Richard Turner of Insight Investment sees more automation and more transparency around cost and outcomes. 06.30.2022 By GlobalTrading [![MarketsMedia](https://articles.marketsmedia.com/hubfs/MarketsMedia.svg "MarketsMedia")](http://marketsmedia.com) - [About us](https://www.marketsmedia.com/about-us) - [Careers](https://www.marketsmediagroup.com/careers) - [Contact](https://www.marketsmediagroup.com/contact) - [Advertise](https://www.marketsmediagroup.com/advertise) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Corporate Site](https://marketsmediagroup.com) - © 2026 Markets Media Holdings LLC - - Terms & Conditions - Privacy Policy {{ standard\_footer\_includes }}