Jobless claims worse than expected
I actually saw estimates on briefing.com at 1.9 million, so it was a slight beat?
Jobless claims, total unemployment level worse than expected
Quote:
KEY POINTS
Weekly jobless claims totaled 1.877 million last week vs. the Dow Jones estimate of 1.775 million.
Continuing claims rose sharply, hitting nearly 21.5 million in a sign that workers are being called back to work slowly.
https://www.cnbc.com/2020/06/04/week...ss-claims.html
Re: Jobless claims worse than expected
Certainly a lot of good news being factored in. By year end the market is expecting
1. No secondary COVID panic.
2. Trump re-election
3. Republicans holding Senate (possibly even taking house)
4. Economic rebound back to pre-panic levels.
