The Economic Spy
Economic data, Wednesday, June 1st does not paint a particularly pretty picture:
Weak ADP jobs data, weak car sales data, very weak ISM manufacturing data, Greece downgrade with 50/50 chance for default predicted, horrendous real estate market news, all stock indices down more than 2% and the 10-year treasury yield below 3%!
The employment report for May is due to be released on Friday, and after the ADP jobs number from today estimates for payroll growth are being slashed across Wall Street... Read Full Story
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