Modest volume, modest rallies across the major indexes.
We got a hint of what tomorrow’s government Employment Data will bring with ADP Employment Services posting worse than expected losses.
Better than expected Housing and Manufacturing data are what the journalists are telling us caused buying today.
If the market sunk they would have said it’s because of the Employment Data. That makes common sense to them.
But markets don’t adhere to common sense. If they did we’d all be rich, and the law of the market seems to prevent that.