Stock Market Update

The S&P 500 futures currently trade three points below fair value. 

Just released, the ADP Employment Change Report for December saw 41k jobs added (Briefing.com consensus 45k), from a revised prior decrease of 29k (from -32k).

Private sector employment increased by 41,000 jobs in December, and pay was up 4.4 percent year-over-year according to the December ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab.