Friday, April 10, 2015

Thursday, April 9, 2015

Mixed Economic News for April 9th, 2015

The economic data this morning is mixed. It's a good news, bad news day!
The good news is that claims for jobless benefits are modestly improved over the past five consecutive weeks:

But the sustainability of that trend is in question given that wholesale sales contracted:

Monday, April 6, 2015

Stocks Leap Following "Dismal Data"

Bad News Is Good News -- Again -- On Wall St

Once again, bad news is seen as good news on Wall St, as Friday's jobs report lead to a leaping stock market at the open this morning. The Dow futures had been down 200 points last Friday, but instantly, as the market opened this morning, stocks reversed and rocketed up 160 points. If this isn't proof of a broken market, what is?