Is now a good time to get in? A few negative economic data points helped keep the stock market from posting new index highs yesterday. The most important data released was new housing starts and initial jobless claims that were more negative than anticipated. New housing starts dropped 16.5 between April and March 2013, which is…
Will The Bulls Remain In Control? The stock market soared after the latest employment numbers were released today. Most economists and traders, including ToryCapital.com missed the unemployment number for April. The jobs number was far more than what we were expecting at 63,000 and the number came in over our highest estimate of 88,000 with…
The Jobs Number Tomorrow Could Set Tone For “Sell In May?….” Initial jobless claims fell to a seasonally adjusted 324,000 for the week ending April 27, according to a Labor Department. Claims for jobless benefits fell 5.3 percent after dropping 2.8 percent in the prior week and most economists were expecting an increase to 345,000. …
FOMC Does Not Signal End To QE: The FOMC’s statement today was strong/bullish but most of the attention was not on the lack of inflation or that the FOMC could make additional bond purchases. ADP’s data today showed the economy is exceptionally weak with only 119 private jobs in April 2013 The 3 Most Important…
The Jobs Market April 2013 Is Characterized By Confusion: Initial jobless claims decreased last week but the economy doesn’t seem too strong. Claims for initial jobless benefits fell by 16,000 for the week ended April 20 to 339,000 the Labor Department said today. The reading was the lowest since March 9 but market participants weren’t…
