- Bond markets are generally quiet, but there is still some noise on the periphery; Asian equities were mixed; we still see significant pockets of deflation out there
- It was amazing to see everyone’s analysis yesterday of the non-manufacturing ISM index — despite how soft it was
- The U.S. service sector ISM came in light
- ADP — nice rebound: The ADP jobs data doubled market expectations — coming in at +157k for June but the next question is how to interpret the data
- As for nonfarm payrolls tomorrow, one can now see the prospect for 150-175k print given the relationship between ADP and private payrolls in the Bureau of Labor Statistics release
Thursday, July 7, 2011
Rosenberg Daily Soundbites
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