Tonight’s Nonfarm Payrolls are revealed. Market expectations call for only an increase of 56,000 jobs, with the unemployment rate at 4.1%... This data is so weak it makes your skin crawl. But the odds of a September rate hike from the Fed are still hovering around 50%. JPMorgan warns that the S&P 500 could swing sharply with the data. If employment stays in negative growth for the second month or if the unemployment rate rises to 4.3%, rate-hike expectations may ease noticeably—otherwise inflation remains the main character. Friends, are you betting on this data to blow up, or betting that the Fed keeps talking tough?