All the early week hoopla about a high +200’s k NFP print diminished after the ADP# and a couple of tier 1’s (GS) lowered estimates.   We’ll take Friday’s solid # as is and not make a big deal about it either way.  Unfortunately, after a dull week, this number will not get traders juices flowing (Bulls or Bears) and Wall Street may just be watching Baseball’s opening day games and/ or wagering on Monday nights, Butler vs. Duke game to start week,  rather than trade alone as most of the global markets take Monday off.  

If last week’s global PMI#, ISM, even NFP# in U.S are any indication, we are entering a new phase of the recovery and that is the expansion we noted last week.  Thursday’s released global #’s were steaming and so we sit comfortably bullish heading into the earnings kick off next week(4/12th).