“In the week ending June 22, the advance figure for seasonally adjusted initial claims was 346,000, a decrease of 9,000 from the previous week's revised figure of 355,000. The 4-week moving average was 345,750, a decrease of 2,750 from the previous week's revised average of 348,500." From...
“…global economic headwinds…do not bode well for sustaining even lackluster numbers over the balance of the year.”
“And we continue to note the one truly serious domestic issue within the data:
-- Real per capita disposable incomes took yet another hit. The astonishing annualized contraction of real per capita disposable income has now reached -9.21% -- dwarfing the -7.52% contraction rate recorded in the first quarter of 2009 (the worst quarterly contraction recorded during the official duration of the "Great Recession")…
…all of the unprecedented fiscal and monetary stimulus has left American households materially worse off than they were two years ago.” - Consumer Metrics Institute, Home of Daily Consumer Leading Indicators. Web Page at…
Thursday, the S&P 500 was up 0.6% to 1613 (rounded).
Sentiment, Price, Volume and VIX are all neutral.