The cash market took the ADP report in stride. Wall Street is full of economists that will paint over anything. They have these elaborate quant models that show the economic engine as a simple combination of inputs that yield an output: GDP and jobs. The ADP report will be discounted today because Friday is crunch day, the jobs report.
Net-net: I'll start shorting at DJI 9910 2% SDS. This is just getting my toes wet.
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