After last week’s tumble to 280k, initial jobless claims rose modestly this week to 293k (slightly better than expected) but remain near a dovish-Yellen-crushing 14-year low. Continuing claims also remain at cycle lows around 2.4 million (rising modestly – by 7k – this week). The labor department cites no unusual or estimated claims this week. It appears this is as good as it gets and the Fed has reached its ‘job-creating’ mirage peak…
As good as it gets…
Remamber when initial claims were touted as the best indicator support for stock strength?
Fed limit reached..
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Poroshenko was on the tape with “positive” peace news… so one has to wonder, what drove this move? (as if we need a catalyst for market moves anymore)… Who knew what abouty claims and durable goods?
This is the market move into the data…?
via Zero Hedge http://ift.tt/1mZScNJ Tyler Durden