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.
NDX still trading in the box.
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