JOBLESS CLAIMS (Bloomberg)
“Filings for U.S. unemployment benefits
fell for a third week in the last four, showing a resilient labor market. Jobless
claims declined by 10,000 to 265,000 in the week ended Dec. 24…” Story at…
CRUDE INVENTORIES (OilPrice.com)
“The American Petroleum Institute’s
(API) weekly report showed build of 4.2 million barrels to the United States’
commercial crude inventories, instead of an expected 1.5 million-barrel draw.”
Story at…
It’s a busy day today so no time to do a
detailed report. Short-term indicators
have improved a little as of Thursday morning, but they will be influenced by today’s
data. A down day is likely to push the data down. Next Tuesday it will be
important to see what happens when the Pros come back from vacation.
I am still holding short-positions in
the Trading Portfolio.
