ADP and jolts next wend...
I guess it depends on numbers you watch ... and there are plenty of them to pick from ..
I was referring to these ...
09:30 AM
US
Initial Jobless Claims FEB/24 215K 202K ® 210K 210.0K
09:30 AM
09:30 AM
US
Continuing Jobless Claims FEB/17 1905K 1860K ® 1874K 1865.0K
09:30 AM
US
Core PCE Price Index YoY JAN 2.8% 2.9% 2.8% 2.9%
09:30 AM
US
Jobless Claims 4-week Average FEB/24 212.5K 215.5K ® 219.0K
I keep an eye on “Initial”
and “4-week Average” ...... more or less ...
Come on now ....... tell me you saw that unicorn
“Come on now ....... tell me you saw that unicorn”
Did you notice it had six legs?
I don’t think the unemployment numbers or jobless claims moved the market up, then down, then up.
The market reacted more to the inflation related numbers, and the Fed’s liquidity injection.
I’m keeping my discretionary investment powder dry. But that could change imminently. I’m taking it day by day, hour by hour.
QQQ *may* have broken out from the flag/channel, but just barely, not decisively.