Wednesday, February 1, 2017

Monster ADP Number Ahead Of NFP Friday

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*Huge ADP number.

*That should predict a huge NFP number on Friday. That's what really counts.

*If so it's bullish for markets.

On January 26th we said, "Jobs Can Blow Away Expectations." Non-farm payrolls ("NFP") which report on Friday have seen estimates move up since then from 156,000 to now 190,000. ADP today however reported a monster number. Strong jobs should give confidence to the bulls and help markets.
ADP, WOW
Source: ADP
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