April Non-farm Private Payrolls came at 213K vs. 215K consensus, whisper numbers were all over the place from 150K to 300K. Analyzing this report beneath the surface, proves that our economic analysis over the last three months was correct in that the weakness in the economic data was related to transient factors.
The main point for investors is that the report is indecisive in that it is not going to help the stock market breakout of the tight range in which it has been fluctuating.