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| Stock Market and ADP data |
Sometimes, during the so much chatter and noise, it is hard to filter out, what does a certain news or data report mean. Therefore, it is prudent to look at the full and better view of the picture, by taking a step back.
Let’s take an example of ADP payroll data, which gives the information about the number of jobs added in the private sector. I believe that is an important number, as it reflects upon the fundamentals of the core of the economy, i.e., how the driving force of the economy is doing. If we look at the chart enclosed, ADP data has been a pre-cursor to the future turns in the stock markets.
Recent drop in the number of jobs created in the private sector has dropped significantly. That is foretelling us something…!
ADP data is has been forming or has already formed a top. What is next…? serious correction..? Let’s see what happens!! See the highlighted areas of the chart..!
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