Jobless claims worse than expected

[tsptalk]

I actually saw estimates on briefing.com at 1.9 million, so it was a slight beat?


Jobless claims, total unemployment level worse than expected

KEY POINTS

Weekly jobless claims totaled 1.877 million last week vs. the Dow Jones estimate of 1.775 million.

Continuing claims rose sharply, hitting nearly 21.5 million in a sign that workers are being called back to work slowly.

https://www.cnbc.com/2020/06/04/weekly-jobless-claims.html

 

[Bullitt]

Certainly a lot of good news being factored in. By year end the market is expecting

1. No secondary COVID panic.
2. Trump re-election
3. Republicans holding Senate (possibly even taking house)
4. Economic rebound back to pre-panic levels.