ADP Employment Data came at 189K vs. 225K consensus. The data is adding to the jitters from Iran nuclear talks, Greece, Nigeria election results, slowing growth in China and the way markets traded yesterday afternoon. The futures fell 1% in minutes.
Losses in energy shares dragged the Dow and S&P 500 lower, while the Nasdaq inched higher. Dovish FOMC minutes pushed Treasuries and gold higher and dollar edged higher against a basket of currencies. Rising inventories cut oilâ€™s rally short. Data Bellow from Thomson Reuters:
Italian GDP is contracting more than what I expected: Recession. This will result in a lag for the European recovery.
Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.