Initial Jobless Claims Rise 5.25 million-pace slows-Model Update for US stock market
A near-term model update for the US stock market following the jobless claims report.
US initial jobless claims as of last week were 5.25 million or slightly higher than the trade guess. The pace of claims has slowed, but historically strong.
The stock market was firm after the report although buyer interest as rather muted.
The sizable bounce this month is impressive but the model seeks a critical point.
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