| | |

PRE MARKET #2

ByGary Kaltbaum

Strong ADP numbers this morning. We have stated that the intangible of confidence may be back in the business owner’s mind…and possibly this leg up in hiring has to do with that. We shall see.

Futures are basically flat but because of the ADP number, bonds selling off, yields rising and financials strong. Higher long rates have helped bank stocks in the recent past.

Gaps of note:

PLCE to the upside…one of the few strong retailers.

URBN to the downside…one of the weak retailers.