Trading Plans for FRI. 07/07: ADP and NFP Divergence

S&P 500 INDEX MODEL TRADING PLANS for FRI. 07/07 The divergence between yesterday’s ADP payrolls numbers and this morning’s Non-Farm Payrolls numbers is giving the optimists on the markets dreams of the Goldilocks scenario (aka “soft landing” or “softish landing”) to unfold, while the pessimists on the markets are fretting over potential slowdown and the (more…)

Trading Plans for THU. 07/06: Tight Job Market, Rising Yields…

  S&P 500 INDEX MODEL TRADING PLANS for THU. 07/06 The FOMC meeting minutes released yesterday, and the ADP jobs numbers this morning, and the consistent Fed speak…all point to more interest rate hikes (albeit at a slower pace) ahead and the rising yields are showing that the bond markets are bracing for that scenario. (more…)