Many analysts worry that Wall Street ignores a huge risk: Wage growth. But it could once again become a focus on Friday when the government will release the latest NFP data for November.
If the numbers rise higher than expected, this may prompt the Fed to act more aggressively and raise interest rates again in the country, which will further complicate the stock market situation.
"Many say we do not have to worry about inflation because of low oil prices, which is part of the tensions in the markets, but as we know, Fed does not care much about inflation," said Invesco.
October data stood at 3.1% for the third quarter - the biggest increase in the last decade. If wages continue to rise because Wall Street uses them to determine inflation levels, tensions will continue to grow.
This means that the Fed will have fewer options and will have to continue with the tightening of monetary policy.
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