ADP Employment Report

• 250,000 jobs added in December (consensus estimate 190,000)
• Goods Producing +28,000
• Service Jobs +220,000

The key to job growth has been those Dirty Fingernail Jobs (mining, construction and manufacturing)

Jobs in the heartland that essentially determined the outcome of 2016 election have returned with a gusto.  The improvement here shows that voters have been rewarded.

• Goods Producing
• 2016 Total 86,000
• 2017 Total 531,000

Crude oil inventories continue to come down, rapidly hitting its lowest level since September 2015.

The major indices remain in the green and the DOW is well over 25,000.  Advancers are firmly ahead of decliners 1791/1065 on the NYSE and 1635/1216 on the Nasdaq. Financials, Industrials, Materials and Technology sectors are strong while Consumer Discretionary, Health Care, Real Estate and Utilities lag.