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Pre-market Tour (recording & summary) – If, Then… Market Timing

Pre-market Tour (recording & summary)

By Rod David | August 31, 2016 - 9:21 am

I’m aware there was an issue logging into the chaRTroom this morning. I’m contacting support to confirm whether they are aware of any problem…

ADP issues a report on the Wednesday prior to Friday’s monthly Employment Situation report. Many view its data as a proxy for what to expect Friday from the government. I view the market’s reaction as an indicator of what to expect Friday from the market.

The market’s negative reaction to this morning’s weaker report suggests it doesn’t like there being an excuse to avoid a rate hike. It is counter-intuitive, but worse for the market than “bad” news is bad news hovering indefinitely over it. Should be interesting Friday.

Details and other markets coverage are discussed in the pre-market Tour recording here.

Posted in members-only, Pre-market Tour, S&P