Thursday 8/14 ... At A Glance

By: Matthew Graham
  • Core CPI .1% higher than expected (.3% vs. .2%)
  • Initial Jobless Claims down 10k to 450k, but continuing claims still uglier at over 3.4 million
  • Unbelievable, but when we would normally see more selling, the 99-19 floor level is STILL holding.  More to follow.  Don't lock yet (or maybe at all).