It’s Fine, I’m Fine, Everything is Fine.

ADP Employment Report was double the expectations. It is seasonally adjusted but much higher than anyone expected.

Friday is tech BLS Report will have more detail and actual numbers.

Small Businesses with fewer than 50 employees are not seeing job growth. which is better than the decline the last four months.

GDP Q3 shows economy grew by 2.8%, we expected 3.0%. PCE numbers tomorrow.

Lots of acronyms today sorry about that, trying to keep this post short and sweet. Bottom line is the bond market is confused and the election is next week.

Next two days will dictate the direction of the market specifically the Bond market. My suggestion: Lock’em if the Got’em.

Art work by Brazilian cartoonist Henrique de Souza Filho


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