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ADP Employment Shows Jobs Blowout, Market Rockets Over Lack Of Iran Consequences

ADP Employment Shows Jobs Blowout, Market Rockets Over Lack Of Iran Consequences

With the burnout of last night’s ‘war with Iran’ hysteria, as the entire incident turned out to be a big production for the propaganda stage, the markets are moving strongly to the upside, reversing the big drop in futures overnight.

S&P Futures are positive, while the DOW is little changed. Bonds have sold off.

In addition, private employment growth in December just printed way above estimates.

ADP Employment Change (Dec) printed at 202k vs 160k consensus estimate.

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