Initial Claims was a miss, but after the size and scope of the last two day's misses, this one really doesn't seem that big of a deal. I.C. came in at 422,000 on consensus of 417,000 and down prom the previous 428,000 which was revised higher from 424,000.
As I mentioned yesterday, it's likely the horrendous misses have been factored in or "discounted", being this number isn't mind-numbingly ridiculous, it may just give the market some breathing space. NFP is still up in the air though.
5 years ago
No comments:
Post a Comment