The one big snag on the recovery has obviously been a lack of job growth. For whatever reason you believe the fact remains the private sector has had trouble adding payrolls. Certainly the Federal Gov't has been trying to help, but perhaps we have regressed. The confidence numbers are weaker, regional areas are showing signs of stalling and revisions tell us there are more job losses in the pipeline. The market says: 'what, me worry?' The remainder of the week shows us jobs data each day, starting with ADP, jobless claims then the big one Friday.
The fear of a slowing economy is not assumed here, and while fear is not a factor we have to be on guard for a quick selloff.
Tag >> ADP
