Stock futures are showing some selling pressure following the market rally on Tuesday. The negative bias this morning is due to a much stronger-than-expected ADP National Employment Report that showed the creation of 238,000 jobs in December, above the consensus Reuters estimate of 200,000 and the highest reading since December 2012.
With the strong reading, there’s speculation the key non-farm payrolls will also be strong, which could force the Fed to continue to rein in its bond buying.
The cautious start to the year is not a surprise given the strong advance in 2013.
Traders are simply looking for reasons to take some profits and wait for a possible correction. If this occurs, it could provide a decent buying opportunity
发表于 2014-1-8 11:32
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发表于 2014-1-8 12:44
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发表于 2014-1-8 12:16
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