Initial claims spiked to levels not seen since October 2021, another indication of a slowing economy. Applications rose by 28,000 to 261,000, well above the consensus of 237K.
So far, futures have ignored the print.
continued for members…
The equity picture is essentially unchanged, with VIX making new lows yesterday.
EURUSD is getting a slight bump above its SMA10 again for the moment and slightly dinging DXY’s ascent.
Oil and gas’ reaction to the Saudi production cut announcement has been underwhelming.
Bond yields sank across the board, with the 2s10s hinting at a breakout.
UPDATE: 2:00 PM
More VIX games…
