Jobless Claims Fall to 360,000 Crossing Wall Street

Jobless Claims Fall to 360,000

The stock market is down so far in early trading. We gapped up early yesterday and gradually drifted lower as the day wore on. By the closing bell, we had a slight gain.

This morning’s jobless claims reported came in at 360,000. That’s the lowest since March 2020.

Jay Powell is testifying again today. Yesterday was the House’s turn. Today, it’s the Senate.

A number of years ago, I trekked down to Capitol Hill to watch the semi-annual testimony. The prepared remarks are interesting. The rest of the time is grandstanding by members of Congress. I got the seat right behind Bernanke. Sorry for the blurry picture, but that’s how you know I really took it.

Posted by Eddy Elfenbein on July 15th, 2021 at 10:18 am

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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