AIN'T WHAT IT AIN"T

 It use to be the old gray mare. Now it's the U.S. jobs report.

Apparently, it ain't what it use to be, according to Marc Chandler of Marc to Market. It appears the non-farm payroll jobs were the fly in the non-farm bucket of jobs. Too volatile to track.

Seems we've heard that too volatile story before. So the Fed has decided to recalibrate its forward guidance indictor machine to include "...a broader range metrics, some of which are not even contained in the monthly employment report," Chandler writes.

For more on the report:

http://www.marctomarket.com/2014/12/us-employment-report-not-what-it-used.