Market watchers are still skeptical of the upbeat jobless claims number. For the two previous weeks, the numbers were skewed lower by computer problems in California. Now, the BLS reports there were no skews in this week’s data yet there was no payback? Seems hard to believe.
In any case, the market is taking it at face value and the option expiries might be helping. This market is struggling for direction and taking what it can get.
Gotta have a currency to love.
