GREY:XEBEQ - Post by User
Comment by
tamaracktopon Feb 03, 2022 10:28pm
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Post# 34395852
RE: This is really, really bad
RE: This is really, really badI wouldn't be too worried about it.
I wouldn't worry about it at all.
It's already widely expected.
The ADP Employment report was already reported on Wednesday and showed an unexpected drop of 301,000 jobs last month.
On the street, Goldman Sachs is calling for a drop of 250,000, and Jefferies is predicting a loss of 200,000.
Besides, it presents support for any case for the fed to be less hawkish, and will likely have a muted effect on the market and stocks if any at all because it will be more than offset by the market's reaction to Amazon's numbers after today's close.