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Succinct Summation of Week’s Events 2.5.16

From ritholtz.com

Positives: ADP employment report came in at 205k, above the 190k expected. Last month’s report was revised to 267k, up from 257k. Unemployment fell to 4.9%, down from 5% previously. PMI Manufacturing Index came in at 52.4, up from 51.2 previously; PMI Services Index came in at 53.2, (a decent but slightly below expectations number). Bloomberg consumer comfort came in at 44.2, down slightly from the previous reading but still a solid reading. Negatives: Stocks had a rough week, with the S&P 500 falling 3.3%. Nonfarm payrolls fell to 151k, below the 188k expected. The previous reading was revised down 30k Factory ... (full story)

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