Claims down, trade deficit wider, BoE preps hike, GSs jacks S&P year end target
As the world turns and waits TOMORROWS all-important payrolls number, today’s Initial Jobless Claims — normally USELESS ahead of NFP — actually provides some ‘good’ news. See visual just below.
For NOW, the world will celebrate Goldilocks lifting of its S&P year-end target as detailed by Bloomberg (and linked in TODAYS bullets). Here’s the visual
Meanwhile, claimants of jobless benefits falling BELOW 13mil (survey week), might very well embolden the CONsensus and even work to INCREASE the WHISper: