This morning’s initial claims for unemployment came in at 406K, temporarily spooking the market, as estimates were for around 372K. Please keep in mind this is only a weekly number, and that it always gets revised.
There are many who missed the run up last week, especially in financials, and we see more frustration than anything else. POTC recommends our readers stay long, and do not get swung into the talking heads negativity, as most of them have... "
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