ADP Employment report disappointing

[thehangingman]

8:15U.S. ADP employment index down first time in nearly 4 years
8:15U.S. Dec. ADP employment down 40,000

 

[myminitrading]

Market will interpret this as good because it means lower rates, there is no bad news right now, its all good.

 

[thehangingman]

The expectation was for a 148k rise...

 

[empee]

all news is bullish until its not. wait for the reaction to see if it means anything. Bad news + selloffs with no recovery would change this stance. As of now, markets are rallying on all news. I think we are a big short squeeze and we go 16k+ on the DOW, thats why no pullbacks. Every pullback attempt is bought up.

 

[5Pillars]

Not surprised.......I personally know several people who all lost their jobs in December out of no where (not expected).

 

[EqtTrdr]

Quote from myminitrading:

Market will interpret this as good because it means lower rates, there is no bad news right now, its all good.

good news is good, bad news is better..

I love 100% up room to go$$

 

[Surdo]

The Bond market DID NOT like the number.
+ 16/32

 

[S2007S]

if the futures were down 10 points this morning this news would have been good and the markets would have rallied anyway...