FYI: It has been a pretty solid morning in economic data as every release so far has beaten estimates. That includes Initial Jobless Claims which came in at 212K this week versus expectations of 220K. Not only was this below estimates, but the indicator has now come back down from its relatively elevated levels from the past three weeks in which we had seen two readings of 230K and another of 228K. Additionally, this week marked the 70th consecutive week of the indicator sitting under 250K and the 219th week below 300K.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/claims-grind-lower
