The calls for an economic soft patch are growing louder in the face of the ADP print today above expectations. The 13 weeks of weekly claims above 400,000 is not being dismissed simply not discussed.

Keep in mind what ADP and NFP reported before the start of the Great Recession. Additionally remember GDP was 2.9% in Q4 2007 even though the recession began in December of that year and Q1 2008 would contract at 0.7%.

Imagine the calls in December 2007 of the soft patch or the "Goldilocks" economy.

By Tony Pallotta

http://macrostory.com/

Bio: A Boston native, I now live in Denver, Colorado with my wife and two little girls. I trade for a living and primarily focus on options. I love selling theta and vega and taking the other side of a trade. I have a solid technical analysis background but much prefer the macro trade. Being able to combine both skills and an understanding of my "emotional capital" has helped me in my career.

© 2011 Copyright Tony Pallotta - Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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