Initial jobless claims up, continuing claims lower

[tsptalk]

 

[Bullitt]

First increase since April so that stimulus bill just got more important.

Markets are extended right now, especially Nasdaq where signs of buyer exhaustion are showing. If the stimulus fails to satisfy, a 10-15% drop will be in order. The rumors say $1.5T, so anything that isn't over that number will likely start the plunge.

 

[tsptalk]

Yeah, up 100K on the initial claims, not expected. But the continuing claims did come down 1.1 million.