Ain’t No Fun ‘Til The Fed is Done & The ADP National Employment Report
The Money Wise guys are back after a week off for the holiday, and they start with a recap of last week’s numbers from Wall Street. It was a short week due to the Fourth of July, and the Dow was down 2%, the S&P 500 was down 1.2%, and the NASDAQ was down 0.9%. YTD all three major indices remain firmly in the positive, with the Dow up 1.8%, the S&P 500 up 14.6%, and the NASDAQ up 30.5%. The shortened week saw light volume across the board, and what triggered selling was a very robust ADP National Employment Report. It woke the market up, but it held true that this was a case of “good news that is actually bad news” because it may have caused some issues with Treasury yields that can spell bad news for the markets overall.
What is the Importance of the ADP National Employment Report?
If you’re not familiar with the ADP National Employment Report, it’s produced by ADP Research Institute in collaboration with Stanford Digital Economy Lab, which is part of Stanford University. Together, they produce a monthly report of economic data. The ADP National Employment Report tracks the level of non-farm private employment in the U.S. If you’re interested in learning more, check out this resource on the ADP National Employment Report.
In the second hour, the Money Wise guys share The Best Investment Advice Ever You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.