One word is not enough to describe the ADP figures, so here are some screenshots from thesaurus.com, 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.