New York Session |
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Not even another bad batch of economic data could keep stocks from rallying ahead of what is expected to be aggressive rate cuts out of the Bank of England and the European Central Bank tomorrow in early NY. US equities pushed higher by more than 2.5% on top of a near 4.0% rally yesterday. US economic data was dreadful once again but was mostly shrugged off. ADP employment fell by a steeper than expected -250K and suggests there is a good chance we get a -400K NFP print this
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