The catalyst
ADP Employment Change Weekly For 9/26/2026 24.8K Vs 23.80K Prior
The thesis
Weekly ADP employment change rose to 24.8K for 9/26/2026, above the 23.80K prior reading, providing a modest labor-market catalyst for SPY.
ADP beat the prior print, so the labor-market frog is back on the risk-on payroll.
Cleared the 75 line by 1.
ADP Employment Change Weekly For 9/26/2026 24.8K Vs 23.80K Prior
Weekly ADP employment change rose to 24.8K for 9/26/2026, above the 23.80K prior reading, providing a modest labor-market catalyst for SPY.