Daily Note | July 3, 2024 | SDHY Is A Decent Option. Korea Fund Tender.

Stocks are little changed going into the holiday following a slew of economic data. First, we had ADP, the private payroll company which puts out their own model for job gains in the country. They showed ess private payroll growth than expected.

Second, we had jobless claims rise more than expected. This has been a barometer of weakening of the labor mar…