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Buygold–I think traders are focused on the “great” ADP number that was much lower than expected

Posted by Richard640 @ 8:23 on June 5, 2020  

ADP ‘s number was 2.7 mill–the consensus is 7 mill–but we all know reports/economic stats–no matter how bad–have not so far derailed the world-wide stock rally–even Turkey has had a record run–I guess every country is copying the FED and force feeding their mkts with moolah…I dunno why yesterday the mkt seemed cautious..in spite of knowing the good and bad numbers and why today the worldwide FOMO stock rally is back on…

A WORD OF CAUTION to the bulls–not saying it’ll matter but the NAZ was up 76 points overnite–now it’s up 15

Private payrolls decline by 2.76 million in May, ADP says, a much smaller drop than feared

PUBLISHED WED, JUN 3 20208:15 AM EDTUPDATED WED, JUN 3 202010:27 AM EDT

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.