Thursday, December 15, 2016

First Time Unemployment Claims Decrease -- December 15, 2016

News release:
  • 254,000; down 4,000
  • 4-week moving average: 257,750, an increase of 5,250
  • 93 consecutive weeks of initial claims below 300,000 -- longest streak since 1970 
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The Market

Well, that was east. The Fed raises "rates" yesterday; market takes a bit  of profit-taking; that's now old news, and the market is up again today.

NYSE:
  • new highs: 114, including ONEOK Partners (OKS)
  • new lows: 111
Than you, Mr Trump and Ms Yellen (I do not own any XLNX but I bought this some years ago -- buy and hold -- as a long term investment for one of my daughter's portfolio). This is not a recommendation one way or the other at this point. Just something for the archives.

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