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QT: Not So Cute By Stefan Koopman, senior market strategist at Rabobank As the Global Daily has highlighted time and again, inflationary shocks are not only a reality check to the strategy of an inflation-targeting central bank, but also to the power of a government. The growing protests in Kazakhstan are a good example: it started over a doubling of LPG prices after the government lifted a price cap, but quickly spilled into much broader discontent. Grievances against the countrys elites have simmered for a long time and, as we have seen during the Arab Spring, exogenous shocks like a surge in global commodity prices can inflame already unstable domestic situations . A state of emergency has now been declared in central Asias biggest oil producer. The government officially appealed to the Russian-led CSTO for help in suppressing the uprising, as the risk of another colored revolution rises. The timing is rather awkward for Putin. The troops who would be used for such operations are currently positioned near the Ukrainian border, as Russia tries to obtain guarantees that NATO will not expand eastwards.

Futures Steady After Fed-Inspired Rout As Tech, Bitcoin Slide Continues US equity futures were little changed after earlier swings as traders digested hawkish Fed minutes that sparked a global stock rout on Wednesday. As discussed yesterday, minutes from the Feds December meeting showed a growing preference for a faster path of rate hikes and a shrinking of the banks balance sheet (one which would lead to yet another market crash and even more stimulus). However, while rising rates is terrible news for tech and high duration names, it''s good news for the value sector, and investors bet while the Fed''s faster-than-expected policy tightening (which will lead to faster than expected easing) may crimp highly valued technology stocks it will offer opportunities in other equity sectors, and sure enough with Nasdaq futures bombing again, energy names like Exxon are at 2 year highs. Treasury yields extended a spike, with the 10Y rising to 1.75%, the dollar was unchanged and bitcoin''s plunge continued even though the selling in stocks has subsided.

OANDA Tech Slide Deepens As Yields Rise, ADP Impresses, Oil Hangs Onto Gains Post EIA, Gold Rallies On Weaker Dollar, Bitcoin Steadies Q3 2021 hedge fund letters, conferences and more Tech Stocks Slide Tech stocks remained under pressure after a robust private payrolls report sent Treasury yields higher. Equity traders are still betting on []

Private-sector employers added 807,000 to the economy in December, according to numbers from ADP.

Within the Fed minutes which troubled the markets so, we saw additional hawkishness in areas little reported at the time of the Fed???s initial release.

U.S. businesses added 807,000 jobs in December despite the emergence of the omicron variant, according to data released Wednesday by payroll processor ADP, far exceeding expectations.The ADP National Employment Report, a closely watched gauge of

ADP has not had a great track record through the pandemic.

(RTTNews) - Private sector employment in the U.S. surged by much more than expected in the month of December, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment spiked by 807,000 jobs in December after jumping by a revised 505,000 jobs in November. Economists had expected private sector

(Kitco News) - Gold ticked down but was trading largely steady above $1,800 an ounce after private-payrolls processor ADP reported a better-than-expected increase in jobs in December.

ADP Signals Biggest Job Gain Since May (Ahead Of Omicron) ADP reported private payrolls rose a stunningly better than expected 807k in December (almost double the 410k expectation and compared to the 384k expectations for payrolls on Friday). Source: Bloomberg Job gains were broad-based, as goods producers added the strongest reading of the year, while service providers dominated growth. Decembers job growth brought the fourth quarter average to 625,000, surpassing the 514,000 average for the year. While job gains eclipsed 6 million in 2021, private sector payrolls are still nearly 4 million jobs short of pre-COVID-19 levels,"said Nela Richardson, chief economist, ADP. All cohorts added jobs, dominated by Services recovery Decembers job market strengthened as the fallout from the Delta variant faded and Omicrons impact had yet to be seen, added Richardson. Tyler Durden Wed, 01/05/2022 - 08:22

(RTTNews) - Private sector employment in the U.S. surged by much more than expected in the month of December, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment spiked by 807,000 jobs in December after jumping by a revised 505,000 jobs in November. Economists had expected private sector

Private job growth totaled 807,000 for the month, well ahead of the Dow Jones estimate for 375,000 and the November gain of 505,000.

ADP released its monthly report on private payrolls Wednesday morning.

807K new private-sector jobs having been created in the month of December is more than double the expected 375K.