MORNING MINUTE JULY 7th

Good morning everyone. Darren at Leviathan Financial, happy non-Farm Friday to you all and lot to get through. So yesterday we had ADP jobs number, which came in double what expectations were, so that sent yield spiking higher stock market lower. Although it should be noted, we are still holding a lot higher than where we were previously.
Remember that back in just February, the s and p was trading in the 3,800 handle and we are now. , at the moment, futures indicating all the 4s, uh, in Asia . Samsung, uh, reported a 96% drop in q2. Profits. , so Asian markets are lower. The European bourses which started the day lower to follow, , Suit with the us, uh, have actually since moved into the green.
So as we await this, the non-farm payroll number, uh, the average expectation is 240,000. I believe it’s now 16 or 17 in a row. We keep missing, uh, the target to the , , to the upside, and so expect a stronger number, especially after the adp. A stronger number will. Uh, produce a hawkish reaction within the Fed and likelihood of another rate hike, in July, or as, fed President Jerome Powell indicated at least another two more before the end of the year.
Uh, anyway, uh, in this shortened week, everyone have a good day trading. Best of luck and a great weekend to you.