The trend in jobless claims is impossible to dismiss — from the upper left to the lower right, as they say.

Claims carry a lot of clout and alone, the report is screaming to taper. Other jobs indicators are less enthusiastic and that is making markets wonder how true this report is. The trend has been so strong that a doubt a one-off weak report today would cause anyone to re-think anything.

No doubt about the trend in jobless claims.