It’s been a quiet session, as I suggested in the morning commentary.  Investors are bracing for tomorrow’s jobs report.  Typical jobs report tension is enhanced after yesterday’s 67,000 jobs report from ADP.

ADP

• Goods Producing -18,000
• Service Producing +85,000

Additional anxiety is coming from the employment components of other economic data releases.

I have to say forget the official consensus.  The good news is expectations are much lower than the consensus of 185,000 coming into the week, which means the bar is low.  Moreover, I suspect goods producing from the Bureau of Labor and transportation are going to come in stronger than the ADP report.

The major indices are lower, but not by much.