Claims have been drifting well below normal levels throughout the month. On the eve of the January payrolls report tomorrow, it could just indicate that a blowout (strong) number for payrolls could be in the cards.
Ronald Simpson
The core print was pretty much as expected, while the headline is just a touch firmer than expectations,.. It keeps the Fed expectations on track for a hike at their next meeting and the meeting after that.
meeting expectations touch pretty print
Today there was a little bit of position adjustment from yesterday, with very little flows going through.
today yesterday
There was a lot of options-related stuff going on.
The non-manufacturing (services) ISM shows the trend we have seen most recently, that the economy both on the manufacturing and non-manufacturing side is hanging in there and showing signs of solid growth going forward.
growth forward economy hanging signs side
With the energy market so close to the surface in the markets here, the number just amplified the current thinking that the recent hurricane and the effects on the energy market may have a broader impact than people were thinking.
people market energy thinking impact close
They can bring the case again, but they are not going to be able to prove bigamy,.. Dealing with some scorned women who are very angry.
women angry
The number just confirms the slowing growth trend that has been unfolding in the housing market, although the numbers are still at historically strong levels.
numbers growth strong market
I think we are basically in consolidation mode for the rest of the week.
rest
Historically, capacity utilization over the 81 (percent) level could bring some production bottlenecks into play throughout the economy which could put upward pressure on prices.
pressure play economy
strong tomorrow normal january
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