[expat_panama]

You got to just love these headlines, that the economy is "unexpectedly" worse than we thought --as shown by jobless claims.  This goes over especially on FR threads:

• Jobless Claims Unexpectedly Rise, Labor Market Strengthens 08/14/2015
• Initial jobless claims unexpectedly jump to nine-month high  03/05/2015
• Jobless Claims in U.S. Unexpectedly Climb to Four-Month High 01/15/2015
• U.S. weekly jobless claims rise unexpectedly (Unexpectedly) 09/11/2014
• JOBLESS CLAIMS UNEXPECTEDLY SPIKE  05/01/2014
• Jobless claims edge unexpectedly higher  04/03/2014
• Weekly Jobless Claims Unexpectedly Rise to 348K  02/27/2014
• Breaking News: Jobless claims rise unexpectedly to 379,000 12/19/2013
• Jobless claims unexpectedly rise, but still within 2013 range  05/30/2013

So for years jobless claims have been going up?  While that's true on the doom'n'gloom threads the actual claims record is the opposite:

--but lets not get upset about the good news, there will always be things elsewhere to be miserable about.  All I'm saying is that claims stats are a bad place to look when you don't want to feel good.

[JudyinCanada]

If something keeps happening all of the time, why is it so unexpected? I would think that good news regarding the jobs situation is what is unexpected at this point.

[Joe Brower]

[Tallguy]

Just reacting to the headline: at this late point in any administration it’s everyman for himself and the embarrassing stuff that was being kept under wraps begins leaking out.

[griswold3]

Contract employees are not eligible for unemployment.

[expat_panama]

Happy Friday the 13th!  Yesterday's stocks saw the NASDAQ drop a half % in rising volume --normally a distribution day but the IBD count stated pat as earlier "d-days" aged into oblivion.   More on today's markets (from Friday the 13th)

US Dollar: Up at 94.275. The US Dollar is up 147 ticks and trading at 94.275.

Energies: June Crude is down at 46.16.

Financials: The June 30 year bond is up 27 ticks and trading at 166.09.
Indices: The June S&P 500 emini ES contract is down 34 ticks and trading at 2050.25.

Gold: The June gold contract is trading up at 1275.50.  Gold is 43 ticks higher than its close.

This is not a correlated market.  The dollar is up+ and crude is down-  which is normal and the 30 year bond is trading higher.  The Financials should always correlate with the US dollar such that if the dollar is lower then bonds should follow and vice-versa. The indices are down and Crude is trading lower which is not correlated. Gold is trading up which is not correlated with the US dollar trading up. I tend to believe that Gold has an inverse relationship with the US Dollar as when the US Dollar is down, Gold tends to rise in value and vice-versa. Think of it as a seesaw, when one is up the other should be down. I point this out to you to make you aware that when we don’t have a correlated market, it means something is wrong. As traders you need to be aware of this and proceed with your eyes wide open.

All of Asia traded lower.   As of this writing all of Europe is trading lower.

 Possible Challenges To Traders Today

–  Core Retail Sales m/m are out at 8:30 AM EST.  This is major.

–  Retail Sales m/m are out at 8:30 AM EST.  This is not major.

–  PPI is out at 8:30 AM EST.  This is major.

–  Core PPI is out at 8:30 AM.  This is major.

–  Prelim UoM Consumer Sentiment is out at 10 AM EST.  This is major.

–  Business Inventories m/m is out at 10 AM EST.  This is not major.

–  Revised UoM Inflation Expectations is out at 10 AM EST.  This is not major.

[Opinionated Blowhard]

I’m surprised that we see “unexpectedly” in Investors Business Daily. They normally know better than to spin this type of BS for Obama.

[OttawaFreeper]

Gee and I thought that The One said that America is a better place now than when he graduated from college.

[Mouton]

One has to consider how many jobs there are to lose before those losing jobs is of any meaning. 300,000 lost from say a work force of 140 million is surely not as significant as 300K lost from a workforce 60% that large.

[Paladin2]

Unexpectly? It’s too early in the morning to Drink!...

[Paladin2]

Unexpectedly? It’s too early in the morning to Drink!...

[odawg]

Nice to see you highlighted the “unexpectedly” meme.

[The Sons of Liberty]

Economy: Jobless Claims Unexpectedly Jump To 1-Year High

Why is it that since the 0bama regime came to power, everything is invariably "UNEXPECTED"? We learned a LONG time ago that the figures they announce in no way reflect the facts. Was the guy whose job is to fake the numbers to make the regime look better somehow off on vacation, and the [more realistic] unflattering numbers were unexpected?

[BenLurkin]

"UNEXPECTED!"

[Wyatt's Torch]

LOL at the headline... IBD use to be pretty good.

[xander]

Nothing unexpected when food stamps are threatened because the unemployment is low. Of course it’s going to go up. It will never go below the threshold set by the GivesDemDatsToKeepsDaPower.

[Diana in Wisconsin]

Unexpected!

*DRINK* ;)