Article
Despite 'Survey' Sadness, Jobless Claims Slide Near Historic Lows
Despite 'Survey' Sadness, Jobless Claims Slide Near Historic Lows
The number of Americans filing for jobless benefits for the first time fell to just 207k (below the 213k expected and down from the prior 209.25k) - back near its lowest levels in 5 years (and trend towards its lowest level in 50 years)...
Source: Bloomberg
Despite a small pick up last week, Continuing jobless claims have been below the 1.9 million Maginot Line since the start of the year...
Source: Bloomberg
Finally, as the following chart suggests, while it may be "hard to get"...
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Trump Considers Pulling Troops Out of Germany as Punishment for Merz’s Remarks on Iran
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SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War
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Perhaps indicative of the fragility of the current rebound - as Software stocks have recently ripped higher for 8 straight days - SaaS stocks are all deeply in the red after-hours as ServiceNow - the potential poster-child for AI disruption - cut its margin outlook amid lackluster results, sending shares reeling.
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