Barely Weaker After Weekly ADP Data (Not Retail Sales)

Heading into the day, the 8:30am Retail Sales data was the obvious pick among the available economic reports to be a potential market mover. Reality had other ideas… weird ones. After months and months without any major reaction, this morning’s weekly ADP employment finally made its presence felt, even if only by the smallest of margins. Retail Sales definitely garnered a higher volume reaction, but it was balanced…