INTRADAY ALERT: JOLTS + ADP... more noise than signal

NEW: Section (above) added identifying Key Recommendations and Super Grannies

Markets today are under some pressure after a strong ADP jobs figure of +497k (June) surpassed expectations of +225k. This caused interest rates to spike with 2-yr rising to +5.025% (+.08%) and 10-yr to 4.045% (+0.11%). And in turn, equity markets came under intense selling.

Is the ADP report thesis-changing? No. In fact, keep in mind, the ADP report has been reworked last year, because t...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in

More from the author

Disclosures (show)

Events

Trending tickers in our research