President Donald Trump said Wednesday that the United States has struck a trade deal with Vietnam that includes a 20% tariff on the southeast Asian country’s imports to the U.S.
*ADP PRIVATE PAYROLLS: -33K vs 98K exp. First negative print since March 2023. Private sector hiring unexpectedly contracted in June, payrolls processing firm ADP said Wednesday, in a possible sign that the economy may not be as sturdy as investors believe as they bid the S&P 500 back up to record territory to end the month. Private payrolls lost 33,000 jobs in June, the ADP report showed, the first decrease since March 2023. Economists polled by Dow Jones forecast an increase of 100,000 for the month. The May job growth figure was revised even lower to just 29,000 jobs added from 37,000. To be sure, the ADP report has a spotty track record on predicting the subsequent government jobs report, which investors tend to weigh more heavily. May’s soft ADP data ended up differing significantly from the monthly jobs report figures that came later in the week. Source: Zerohedge, Bloomberg, CNBC
Huge ADP miss… the trend is clear.
*ADP PRIVATE PAYROLLS: -33K vs 98K exp. First negative print since March 2023. Private sector hiring unexpectedly contracted in June, payrolls processing firm ADP said Wednesday, in a possible sign that the economy may not be as sturdy as investors believe as they bid the S&P 500 back up to record territory to end the month. Private payrolls lost 33,000 jobs in June, the ADP report showed, the first decrease since March 2023. Economists polled by Dow Jones forecast an increase of 100,000 for the month. The May job growth figure was revised even lower to just 29,000 jobs added from 37,000. To be sure, the ADP report has a spotty track record on predicting the subsequent government jobs report, which investors tend to weigh more heavily. May’s soft ADP data ended up differing significantly from the monthly jobs report figures that came later in the week. Source: Zerohedge, Bloomberg, CNBC
Strategy now satisfies all SP500 inclusion criteria. $MSTR
Source: Chris Millas @ChrisMMillas
JPMORGAN $JPM JUST ANNOUNCED A NEW $50 BILLION SHARE BUYBACK PROGRAM
JPMORGAN JUST INCREASED ITS QUARTERLY DIVIDEND OF $1.50 PER SHARE UP FROM $1.40 Source: Evan on X
This is counterintuitive: It's safer to invest when the sp500 is at an all-time high...
Source: @MikeZaccardi on X
ALERT: There’s only 8 days remaining until the tariff negotiation deadline
Betting markets are placing an 82% chance of US-China reaching an agreement before that deadline. Source: Bravos Research
Magnificent European Aerospace & Defence
Source: @MikeZaccardi on X
The lowest close since February 2020 for the VIX index
Source: Charlie Bilello
