NFP tomorrow is the next MAJOR hurdle. I would not take...

NFP tomorrow is the next MAJOR hurdle. I would not take yesterday's ADP job numbers as confirmation for tomorrow. I have not found a consistent correlations between the 2 figures.

From a risk perspective, capital flowed back to the US stock markets as I had expected from the ADP numbers but tomorrow numbers is the major test or confirmation of Yellen's thinking wrt to on going data. We are back to this mentality since the taper tantrums and expecting US bad economic news to be bolster the stock market. The world capitalism has gone mad indeed!