Great Graphic: Weekly Jobless Claims and the S&P 500
The softer than expected PCE deflator today plays into the dovish market mood. There may be little that can resist it until next Friday’s employment data, which should be another robust report with hourly earnings holding above 3% year-over-year. Last November, average hourly earnings rose by 0.3%. As this drops out of the year-over-year comparison, even …
Great Graphic: Weekly Jobless Claims and the S&P 500 Read More »