SPY $700 tomorrow? Decent bit of data coming out tomorrow, ADP plus retail sales and more, but not sure if it'll have much effect tbh. I'm thinking we've had 3 bad red days in a row, maybe we can get 3 green days too?

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adp report already out, jobs numbers already priced in

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Adp is very accurate 

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The government still hasn’t released official jobs data because the January 2026 report was conveniently “delayed” due to the partial shutdown. So we’re basically flying blind while they sit on the numbers. Meanwhile, private data did come out this morning, and it’s ugly. U.S. employers announced 108,435 layoffs in January, up 118% year over year and 205% from December. That’s the worst January since 2009. At the same time, companies announced just 5,306 new hires, the lowest January ever recorded. On top of that, ADP showed private sector employment grew by only 22,000 jobs in January, badly missing expectations. So while the government drags its feet on releasing the data, the private numbers are already screaming that the labor market is cracking.

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