Awful, atrocious, appalling …

One word is not enough to describe the ADP figures, so here are some screenshots from, 1min. ES in the background.

NFP on Friday, the ADP is not necessarily a good guide to that number.

This ‘blip’ (oil prices, Japan, weather … etc.) is pretty nasty. Too early for the Fed to start considering QE3? Probably, … but …

At least oil prices have come off a bit. Not much, IMO. Murphy’s law would dictate a move up is next.

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