All major US equity indices have dropped into the red after the massive miss in ADP’s employment report with Small Caps the hardest hit…
Extending the short-squeeze, bond yields plunged on the print to a 1.12% handle, testing the spike lows from July 20th…
Source: Bloomberg
The dollar dropped also, but remains in a tight range…
Source: Bloomberg
Is today’s weakness enough to delay the taper? (and sparks buying panic) Or is it the straw that breaks the back of the recovery narrative? (and the selling continues)
