Title : The Market, Energy, And Political Page, Part 2, T+64 -- May 3, 2018
link : The Market, Energy, And Political Page, Part 2, T+64 -- May 3, 2018
The Market, Energy, And Political Page, Part 2, T+64 -- May 3, 2018
Jobs: first time unemployment claims --- prior: 209,000
- forecast: 224,000 --- which would be jump of almost 15,000 (seriously?)
- actual: 211,000 -- so, initial claims actually rose by 2,000
- comment: wow, that's a huge, huge discrepancy. It tells me the analysts did not "believe" the number last week when unemployment claims plunged by 24,000
- comment: making American great again
- this explains why the market, which was "positive" in early pre-market trading, all of a sudden plunged over a hundred points in pre-market trading -- this jobless claims number all but guarantees a Fed increase next month. Just saying. Dow futures have recovered a bit.
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Disclaimer: I make a lot of simple arithmetic errors. I often see things that do not exist; I read quickly and miss important points. Sometimes it takes me days (maybe even weeks) to see where I was wrong.
Thus Article The Market, Energy, And Political Page, Part 2, T+64 -- May 3, 2018
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