ADP payroll gains came in below expectations, notes Collin Martin. He and Randy Frederick discuss how stocks are gaining into the close. Collin highlights that the ISM Services Index resumed its decline, and the pullback in yields shouldn’t be too surprising. He suggests that the fundamentals don’t appear to be driving the recent surge. Randy mentions that an oversold bound has been elusive thus far and equity put/call ratios remain at bearish extremes. Tune in to find out more about the stock market today.
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