Daily Note | April 3, 2024 | Bad News Is Good News
Markets have rebounded from their early losses following a poor ISM Services data point. Th S&P opened down for the third day in a row until the ISM PMI came out at 10am EST at 51.4 vs an expectation of 52.7. This is a classic bad news = good news result.
This comes as the ADP employment data showed that private payrolls grew by more than expected in Mar…
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