"Profit from your knowledge!"
The Bull Bear Trader discusses market events and news with an interest in understanding risk and return in both bull and bear markets. Discussion topics include trading and hedging strategies, derivatives, risk management, hedge funds, quantitative finance, the energy and commodity markets, and private equity, as well as an occasional investment opinion.
Wednesday, April 2, 2008
ADP Report Better Than Expected, Sort Of
The ADP employment report showed an 8,000 job increase in private hiring during March. While not a reason to throw a party, it was better than the expected 70,000 job decrease. ADP has been hit and miss over the last year - sometimes right on, other times wildly different from the Friday employment numbers. Futures traded up slightly on the news.
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