ADP: U.S. Added 172,000 Jobs in June

The transcript discusses the impact of the ADP report on market reactions and payroll forecasts, highlighting the inconsistency of previous reports. It analyzes ISM reports, indicating strength in the labor market, and explores the correlation between various indicators and job numbers. The discussion also covers wage growth and inflation trends, noting the Fed's slow acknowledgment of rising core inflation. Finally, it evaluates market risks and expectations for upcoming job numbers, considering potential impacts on bonds and stocks.

What was the forecasted payroll number mentioned in the text?

What indicators are mentioned as being inconsistent with the last payroll number?

How did the ISM non-manufacturing survey for June compare to previous months?

What wage growth percentage is expected in the upcoming numbers?

What potential impact does a strong jobs number have on the market according to the text?