Investors should be rooting for a May jobs report that shows the labor market is holding up just fine as opposed to a big surprise in either direction, according to a JPMorgan trading desk note. The nonfarm payrolls report on Friday is expected to show growth of 125,000 jobs last month, according to economists surveyed by Dow Jones, which would represent a decrease from April's gain of 177,000 jobs. A result that matches expectations would likely result in a modest gain for the S & P 500 , according to a note from the JPMorgan market intelligence team. However, a slight beat of between 140,000 and 170,000 jobs would be a "Goldilocks print" and likely spark a S & P 500 gain of 1.5% to 2%, the trading desk note said. That type of rally would close about half the 3.4% gap between where the in

See Full Page