Great Horrible Jobs News!

Isn’t it great!? The worst ADP jobs data in months.

Screen Shot 2015-08-05 at 6.27.58 AMUnder the premise that bad news decreases the odds of a rate hike (or, dare we hope, spurs more QE?) the eminis are up 15 points (off from a high of +20) before the opening.  But, it’s not the kind of pattern you’d want to bet the house on.

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