...a big day for LandColt Trading. First, let's get to the ADP number, which will be released at 8:15NYT and the consensus is looking for a print of -350,000. What does this mean? Well, it means the USA lost 350,000 jobs in the month of July. And, not to put lipstick on the pig---but, a -350,000 print will show the lowest total of lost jobs since September of last year. So, things are moving in the right direction, albeit, at a snail's pace.
Second, LandColt Trading will be all over the press today talking about today's data. Be sure to check back in (especially following the report's release for a detailed analysis) for an updated media schedule.
Todd M. Schoenberger