ADP setting expectations

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The market seems to have found a support area. Yesterday we hung around the supports, waiting for the next shoe to drop – either to rally or to see a continued sell off. It’s a waiting game for next FOMC meeting in October and as we wait – the market is coiled to move and Read more…

First Look at Jobs

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With the market volatility and the Fed FOMC meeting looming, the question or perhaps threat of a rate hike is a dark shadow over the equity markets. The Jackson Hole Summit, without Yellen, only offered more ambiguity. The last big factor prior to the FOMC meeting is the monthly employment report to be released this Read more…

Jobs Report and the Fed

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The markets have moved back down close to those recent support levels. Earnings have been driving more concern into the market as well. This week we have seen the media giants pummeled, Disney alone sent the Dow Jones down over 50 points. So what can give this market some confidence? Jobs Report and the Fed Read more…

ADP Report Disappoints.

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The initial holiday sales from Black Friday and Cyber Monday have been mixed. There was certainly some good news about the pick-up in online traffic. However it seems that it is not EXPANDING consumer demand, but rather a shift from brick-and-mortar to retail. The net is that expectations remain at 4% growth in consumer spending Read more…

Got Jobs?

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The elections are over and now we can move on, hopefully. I did see some interesting data on the history of the S&P 500 after mid-term elections, since 1946 the S&P 500 has rallied after every mid-term regardless of party. The pre-market futures seem to be following that trend. The media will most likely refocus Read more…

Ain’t no mountain high enough!

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The market continues to hold strong as we wait for the monthly labor report tomorrow. I suspect that the string of economic data heading into the mid-term elections will be better than expected and reflect a strong recovery, despite the reality on the ground. Ain’t no mountain high enough! Marvin Gaye – Courtesy of wikipedia Read more…

Incompetent Consistency

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It’s a big week for economic data heading into the Fed FOMC meeting on June 17th. There is also a very high probability that the European Central Bank (ECB) may take more accommodative action. This morning we will get the ADP private payrolls, which should give us an inkling of what to expect from the Read more…

Fed Wildcard?

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Could the Fed FOMC meeting be a wildcard in today’s trading action, or will it be the dull expected $10 billion taper to $45 billion? The economic data this morning can also play a big factor, with both the ADP private payroll as well as the initial 1st quarter GDP release. Fed Wildcard? The expectation Read more…

Private Sector Jobs?

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All this week we have been focusing on jobs and unemployment. It has become the single most important data point used by the Federal Reserve and Government to set monetary and fiscal policies, as well as legislation. Because of the sweeping impact to the markets from Fed and government intervention, it is important that we Read more…

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