Stocks Are Taking A Breather From Yield-Related Selling Pressure

Stocks are taking a breather from yield-related selling pressure, in part on a softer ADP report, notes Liz Ann Sonders. She talks about how the S&P 500 on pace for fifth straight losing week. She discusses how dip buying is also likely driven by a near-washout in shorter-term breadth. She previews the September jobs report which is to be released tomorrow at 8:30am ET. She looks at what percentage of major indices members are above the 200 DMA. She then goes over how earnings season will be key for the corporate outlook; with likely notable attention on not just traditional metrics like beat rate and percentage by which companies beat, but also differential between top- and bottom-line growth and differential between nominal and real growth. Tune in to find out more about the stock market today.