Wednesday, December 7, 2016

Jobless claims report tomorrow morning

This jobless claims being the significant read on the jobs market before the Fed decision next Wednesday. If jobless claims repeats what it showed last week, a jump in claims, it will that the markets have a problem of increased joblessness. Signaling a weakening state of the economy the Fed will likely not pass on a rate hike. Today's market rally was a brisk one all the indices were up DJI gained 300 points and NDX which has been in a  downward trend gained 63 points but something interesting to observe is VIX also gained .43 not a significant number but unusual on a day like today!
NDX still trading in the box.

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