ADP data arrives today, Wednesday, at 8:15 am, followed by critical Nonfarm Payrolls and earnings in 2 days on Friday at 8:30 am. Michigan sentiment follows at 10:00 am. With heavy Fed communication scheduled today and tomorrow, traders should hedge ahead of Friday’s NFP to manage USD swings. Monitor next Tuesday's CPI at 8:30 am for inflation trends, watching for SPY and QQQ breakouts if labor cooling persists.
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Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.