MARKETS ARE SLIDING AGAIN AFTER MORE BAD DATA

Markets are off to a rough start this morning after bouncing yesterday.

S&P 500 futures continue to slide in the wake of the release of payroll-processing firm ADP's monthly National Employment Report, which estimated only 175,000 workers were hired by private-sector firms in January, below the consensus Wall Street estimate of 185,000.

U.S. Treasuries continue to gain, and gold is up sharply, while the dollar continues its slide against the euro and the yen.

The charts below show price action in various markets this morning. Across the top from left to right are S&P 500 futures, the dollar-yen exchange rate, and the euro-dollar exchange rate. Across the bottom are gold futures, 10-year U.S. Treasury note futures, and the dollar-Turkish lira exchange rate.