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S&P 500 rises at least 0.75% if April payrolls exceed 125,000

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S&P 500 rises at least 0.75% if April payrolls exceed 125,000

Market overview

JPMorgan assigns a 10% chance to payrolls exceeding 125,000, which they state could lead to a 1% gain or loss. A strong report would likely reduce stagflation concerns, pushing the S&P 500 higher. Given the asymmetry in market reaction to upside surprises, we see a 70% probability of a positive move.

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Implied probability (Yes)
70%

Source: user-generated

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