Mid-Week Data Watch

This morning we received a decidedly positive data set from ISM and a much less positive payroll report from ADP. Markets have decided to look on the bright side and risk assets are rallying with enthusiasm, while bond prices are falling.

In last weekend’s weekly review, we said the charts suggested a long stocks and short bonds swing trade was in order. Looks like that may have been a pretty good call. Now let’s see if it lasts.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s