What will Friday’s report bring?  It’s unclear at this point, but the disconnect between the government’s unemployment situation and the ADP report can not be discarded.  The two have followed the same basic trend but the magnitude of variance has been considerable.

In the coming days, we could have a change in market sentiment that will drive markets lower through June (a traditionally low yielding month).  History aside, the Obama administration has still yet to answer questions on the accuracy of the BLS reports, and their decision to change the definition of unemployment.

Google Finance is having trouble today keeping up with all the activity:

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