Thursday, December 8, 2016

Job Watch -- December 8, 2016

BR's King Canyon and Teton wells have been updated.

Job Watch

First time unemployment claims:
  • 258,000, a decrease of 10,000 from previous week
  • four-week moving average: 252,500, up from 251,500 previously
The report is quite bullish at the link.

The Market

Set to re-structure? Sears 3Q16  loss wider than expected. Link here. Probably not hiring.

Costco profit tops estimates. 

After a huge run-up yesterday, the market is (barely) holding on to its gains, up about 20 points.

  • new highs: 339 -- again, a huge number, including BK, BRK-B, Caterpillar, MDU, Newfield, UNP, 
  • new lows: 6 -- wow. What can I say. Only 6. 

 Tuna Salad Spread

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