Both the S&P 500 and the Dow Jones were around the flatline on Thursday while the Nasdaq added 0.2%, as traders digest a batch of weak economic data that reinforced bets the Fed has room to cut interest rates this year. Initial claims fell for a second week but continuing claims rose to 2021-highs, suggesting a cool down in the labour market.
I started writing a response to your previous comment - which I appreciate - and quickly concluded it warranted a more thoughtful, and dare I say it, longer reply!
With a little luck, I'll post something this weekend.
Thanks a lot for the mention, sir! Great writing, as always...
I started writing a response to your previous comment - which I appreciate - and quickly concluded it warranted a more thoughtful, and dare I say it, longer reply!
With a little luck, I'll post something this weekend.