Today’s jobless claims ( up 7k )

[Innervoice]

Jobless claims finally rose 7k. Far from a monumental increase but is that a harbinger for things to come? Are layoffs finally going to start being reflected in the data?
There were also upward income revisions in the gdp report and yields are up.
As a trader, i follow price action but one needs to look at the overall picture to get an idea of economic trends.

 

[maxinger]

Jobless claims finally rose 7k. Far from a monumental increase but is that a harbinger for things to come? Are layoffs finally going to start being reflected in the data?
There were also upward income revisions in the gdp report and yields are up.
As a trader, i follow price action but one needs to look at the overall picture to get an idea of economic trends.

It was trivial news.

When the data was released, the market hardly moved.

 

[Innervoice]

I agree but its worth watching to see if there is a trend.

 

[murray t turtle]

I agree but its worth watching to see if there is a trend.

%%:
Exactly +did not seem to help DIA or DOW that much, not YTD trend much anyway;
SPY + QQQ seemed to get helped a lot, dont really know why/ good earnings usually.
Good money market pays much better[4.44/4.77%]+ than 10 year gov/ that's the private sector doing it better.
Good ETFs even better. IF US gov debt gets another doWn grade , good + good ETFs may keep trending up/ maybe not so much in\ SEPT. NOT a prediction