Thursday, January 5, 2017

Upcoming Nonfarm Payrolls Report Could Miss Street Estimates: Risk To Markets

See Full Report
ADP came out well below the street estimates for nonfarm payrolls.

Jobs are the key economic measure. While everybody expects a pickup, jobs look like they are slowing.

Jobs slowed after last year's rate hike. A repeat would be a greater market risk this time because we are starting from a lower base.

ADP and jobless claims came out today. ADP at 153,000 matched our expectations of 151,300 from Sunday but are well below the street's 170,000 for nonfarm payrolls tomorrow. Jobless claims improved today. We still expect a miss in jobs tomorrow but probably not as bad as ADP expects. Slowing jobs portend a slowing economy which is a market risk (NYSEARCA:SPY).
ADP 153,000
Source: ADP


  • Real time, signals, coaching, direction, analysis on the stock market, gold, oil, bonds, currencies, indexes and more.
  • If our above report was helpful click here for a free trial of Elazar's Pro Trader service on Seeking Alpha.

Disclaimer: All investments have many risks and can lose principal in the short and long term. This article is for information purposes only. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC and their related parties harmless. Any trading strategy can lose money and any investor should understand the risks.

#in, $spy, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principal especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD ELAZAR ADVISORS, LLC AND ITS RELATED PARTIES HARMLESS