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'Bad News Is Good News' - Stocks, Oil, Bitcoin, & Precious Metals Surge As US Macro Melts Down

US majors traded marginally higher today as investors looked through a very weak ADP private sector employment estimate and continue to climb this 3-month 'wall of worry' to new highs.

The ugly ADP print dragged US Macro Surprise Index down to its most negative since Sept 2024...

via July 2nd 2025