Factory Orders increased 1.2% last month, powered mostly by a thirst for new aircraft. Those big-ticket behemoths have the ability to skew any report. Stocks are reading past the the headline, sinking the DOW just a little. Mortgage Bonds are a tad lower too. Trading is pretty light ahead of a few Treasury auctions happening today through Thursday, and the Jobs Reports on Wednesday and Friday. And that is the first time that I have ever given ADP any credibility, but they have been pretty accurate the last few months. The Fed Futures market is currently pricing in an 80% probability of a rate hike by the Fed when they meet next week.