Jobless claims released this morning surprised The Street to the upside, providing fuel for Donald Trump’s bid to be re-elected President of the United States in a couple weeks.
California saw a huge plunge due to changes in reporting processes. However, the news is still timely for the Trump campaign.
Home sales continue to be on fire as people flee Democrat-controlled cities suffering under corrupt management, violence, and homelessness, in addition to draconian virus lockdowns.
Continuing Jobless Claims (Oct 9) printed at 8.373M vs 9.5M consensus estimate.
Initial Jobless Claims (Oct 16) printed at 787k vs 860k estimate.
Initial Jobless Claims 4-week average (Oct 16) printed at 811.25k.
Existing Home Sales (MoM) (Sep) printed at 6.54M vs 6.3M estimate.
Existing Home Sales Change (MoM) (Sep) printed at 9.4% vs 5% estimate.
EIA Natural Gas Storage Change (Oct 16) printed at 49 B.
Kansas Fed Manufacturing Activity (Oct) printed at (released at 11am)