Thursday, July 28, 2022

Strong Labor Market? Initial Jobless Claims Hit 8 Month Highs

FOMO mania

  • The SPX managed closing above the 4k resistance and the negative trend line that has been in place since early May.
  • Slightly less "implicitly short"
  • Volatility control bros - time to step it up?
  • There is room to buy
  • A mild recession is already priced in
  • Never forget sentiment
  • Fed may seize control of bond volatility, but MOVE index remains elevated
    While continuing claims continue to flatline, the 4-week average of initial cl;aims is now at its worst level since November 2021. 

https://www.zerohedge.com/personal-finance/strong-labor-market-initial-jobless-claims-hit-8-month-highs 

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