ADP is a double-edged sword. It’s good for the economy but encourages the Fed to act more quickly to hike rates.
The S&P 500 hit a record 1978.58 yesterday before giving back a few points of gains into the close. The index is up 2 points to 1975 today.
S&P 500 daily
Decent strength in stocks has spilled over into USD/JPY, which has finally climbed above the 200dma
