Not immediately to the ADP employment change, but following the ISM data, S&P 500 paid attention to the job market status – and another rally got checked. Nasdaq outperformance likewise, following AVGO earnings even more so. There were though pockets of strength (further discussed). The fear and positioning is for a very weak NFPs figure, and therefore I am looking for a bullish squeeze higher as the more probable scenario than continuing the slide with the same pace as before.This is how I summed up the prognosis in our channel, and what the bond market clues look like. 
Keep enjoying the lively Twitter feed via keeping my tab open at all times (notifications on aren’t enough) – combine with subscribing to my Youtube channel, and of course Telegram that always delivers my extra calls (head off to Twitter to talk to me there), but getting the key daily analytics right into your mailbox is the bedrock.More By This Author:Elusive SPY BounceRisk-Off Duly CalledWhy Sudden Risk-Off
