(as of 6:50 AM PST)
Markets are wavering in early trading, apparently digesting yesterday's sparkling gains. The economic news is good this morning and might well be the trigger that sets a Federal Reserve rate hike in motion when the Fed meets later in the month. An ADP report shows that private hiring was the best in several months, while productivity surged and even wages spurted up. All seems in sync today, except the market, which will likely swing to the positive when all of the pros and cons of a solid economic recovery are weighed. The dollar is up against most other currencies and commodities are falling again, including precious metals and oil. Interest rate yields are up due to the strength of today's economic data.
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