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Thursday, December 1, 2022

Initial Jobless Claims -- December 1, 2022

"When everybody is predicting the same thing, something else will likely happen."

Initial jobless claims: down 16,000 to 225,000.

Dow moves up. Futures up 100 points. At open, down 100. Profit taking from yesterday's huge. I expect Dow to close in the green before the weekend.

Personal income: up 0.7% vs 0.4% estimate.

JOLTs from yesterday: down but still more than 10 million job openings. JOLTS.


Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.   

Steve Liesman: "some kind of recession we're having." LOL.

  • personal income up
  • spending up
  • initial jobs claims down
  • market up

Yeah: "some kind of recession we're having." LOL. 

GDP: new estimate to be released today. Previous:

Fed: makes sense to moderate thte pace of oouur rate increases.

Core CPE price index: up 0.2% vs 0.3% expected

  • Mohamed el-Erian: inflation is coming down
  • real economy continues to do well
  • assets to go higher for tactical players; much tougher for long-term players
  • recession risk uncomfortably high but could avoid
  • if we slip into recession, unlikely to be short and shalloow
  • "feeling better for now"

Kroger: guides better. This is a grocer.  

Dow: in bull market territory

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