Today’s Topics:




  • ADP data came in a bit stronger than expected as 200K jobs per-month appears well-entrenched.


  • Is weak economic data from overseas threatening U.S. economic growth?


  • Risk assets continue to “correct” as weak foreign economies, a stronger dollar and the prospect of less Fed accommodation force investors to re-think portfolio risk.

ADP 2-1-3 for You and Me


Today we had the first look at September job creation in the form of the ADP Employment Change Report. ADP data indicate that the U.S. private sector added 213,000 jobs in September. This was up from a prior revised 202,000 (down from 204,000) and higher than the Street consensus estimate of 205,000. Job creation was described by ADP as broadly based….

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