A JOBS MISS? ADP reported job CONTRACTION of 39,000 INSTEAD of "estimates" calling for 20,000 GAIN. (more insight to what might get reported Friday BUT remember seasonal adjustments hokey pokey)
Wednesday, October 06, 2010
ADP AND REAL INDICATOR
The BOND MARKET is huge, more liquid and much larger than stock market. Yields are VERY sensitive to the economy and made LOWS at the depths of crisis. We had some kind of recovery and you see yields rising with that, so WHY are yields now the LOWEST since the worst of the crisis? YET stocks sit at new rally highs? Both cannot be right.
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