This trend does not appear to be your friend. Initial Jobless Claims are unchanged since February 2016 after today’s 18k spike to 258k. The last 3 weeks have seen a 15% surge in claims – the biggest spike since May 2016 (and before that since Dec 2013).
One wonders how this is possible in an economy that is set for rate-hikes-a-palooza…
via http://ift.tt/2nVc4nB Tyler Durden