Seasonally, inflationary pressures are the strongest in Q1, attributed to the seasonal rise in commodity prices. Investors should keep in mind though, that there is increasing macro evidence, as today’s disappointing ADP data, whereas the US created 169,000 private- sector jobs in April, after a downwardly revised 175,000 jobs were created in March. Companies with 500 or more employees had the slowest growth, the firm said. The economist consensus is for the US to report 233,000 nonfarm jobs created in April on Friday.