sp'60min
Summary
*ADP: 139k net gains, vs 160k expected. So..its a miss, but the number is still arguably 'reasonable', and should be enough for the market to cope with.
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So..we look set to break index highs this morning, and the 1880s are well within range today.
With sig QE-pomo, the bulls should be fine today. The only minor excuse for a late sell down is if market does not like the Fed beige book.
Regardless, we're broadly continuing higher, and I expect that to continue all the way into the next FOMC of March'19.
T-10 days to go.
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Notable early mover: DRYS +3.6% @ $4.02. The break over the $4 threshold is pretty significant, and does open up the 5s within the immediate term. Whether we can close the week in the 4s will be very important.