March ADP jobs report confirms the worse is yet to come
Don't get too excited by the ADP figures, the NFP report will be ugly.
Market sees no V-shape recovery and volatility looks cheap
Dividend futures on S&P 500 suggests that the market is not pricing in a V-shape recovery which puts the recent rally at risk of being shallow and technically driven by rebalancing and short-term tactical bets.
Market Quick Take - April 1, 2020
Markets are soft overnight after a choppy last-day-of-the-quarter session yesterday that failed to take out key resistance levels. The USD traded softer after the Fed announced yet another initiative yesterday, this time a repo facility with foreign central banks allowing them to swap treasuries for US dollars.