Initial jobless claims continues to ignore the ‘other crappy data’, printing 227k (in line with 230k exp) and basically unchanged at two-month lows…
Source: BloombergOn a non-seasonally-adjusted basis, initial claims are at their lowest in 10 months!! Of course! Why not.Continuing claims also dropped (to three month lows)…
Source: BloombergSo, everything is awesome!
Your government-supplied data tells you so!More By This Author:A Stunning Chart Ahead Of Friday’s Job ReportHard-Landing Panic Leads To First Yield Curve Disinversion In Two Years, As Nvidia Plunge ContinuesSemis Slaughtered As September Starts Off With Carnage Everywhere
