Ok, I’ll start this blog off with some important macro news for tomorrow.
At 8:30 AM we get the initial claims and continuing claims figures. Consensus expects initial claims to increase from 472,000 to 475,000 for the week ending Sept. 4. The continuing claims are expected to fall from 4456K to 4450K for the week ending Aug. 28. There is a graph below that shows the four week average of initial unemployment claims – the recent uptick has certainly made people worried. Remember, for a fall in unemployment, the initial claims must fall to a considerably lower level.
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