The Daily Dose: Jobs Puzzle


Brian Sozzi

 | Jul 03, 2014 | 10:30 AM EDT
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Happy July 4 weekend! I hope everyone has some great family time planned. Be sure to have a hot discussion on the June employment report. You can use these as your talking points:

When was the last time (if ever) the ADP report nailed the NFP number? Weak construction jobs confirm that dreadful Owens Corning (OC) earnings warning from weeks back. At the core, retail jobs are disappearing; don't be misled. Yellen's modestly hawkish comments on asset prices yesterday are pretty prescient in light of the stronger-than-expected jobs report. What did SHE know... Watch how riskier areas of the market perform today; sentiment will be dealing with Yellen's comments and the economy appearing to gain steam.  Although keep in mind we have received a few data misses and scattered earnings warnings.

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