According to data from Jinshi, Charu Chanana, Chief Investment Strategist at Saxo Group in Singapore, stated that the ADP data undoubtedly raises the risks for today's non-farm payroll report. What was previously interpreted as 'bad news is good news' may now be viewed as purely bad news, especially in a context where recession concerns dominate.
Saxo Group Strategist in Singapore: ADP Data Raises Risks for Non-Farm Payroll Report
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