fssghfdfr
05-30

Djfjd ok then good start

ADP Adds Only 38K Jobs, Yet Yields Won't Fall — What Is the Market Waiting for Friday?
August ADP added 38,000 vs 47,000 consensus, weakest since January; July revised up to 46,000. The mix was worse: manufacturing −17,000, professional services −16,000, nearly all gains from education/healthcare (+45,000). Large firms added 34,000, those under 50 staff 3,000: only the biggest are hiring. That should have pulled yields down; the 10-year held near 4.8%, and rates refusing to move is the answer. S&P +0.46%, QQQ +0.23% ended a three-day slide. Friday's payrolls: ~50,000 seen after July's −23,000. Position for a rate pullback, or accept that weak data and sticky yields can coexist?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment