Recent trends in this index strongly suggest that the largely anticipated path towards economic recovery has in all likelihood already begun,
The initial knee jerk reaction was a powerful rally in the morning. As cooler heads prevail, it's clear it's still a positive for equities, but the question is whether it is strongly positive or mildly positive.
These jobless claims figures strongly suggest that any discussion of a runaway economic recovery have been greatly exaggerated, ... Instead, what we see here is a recovery that continues to face significant headwinds emanating from the employment front.
These figures strongly suggest that the labor market recovery train is still not even at the train station as of yet.