Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Thursday, September 9, 2010

Green shoots again

Initial Jobless Claims were much better than expected at 451k vs the forecast of 470k and down from 478k last week (revised up by 6k).,,,Continuing Claims were above expectations but little changed with the prior week while Extended Benefits were up a net 30k. Also giving a boost to the futures was the less than expected July Trade Deficit of $42.8b vs the est of $47b which may lead to a boost to economists Q3 GDP estimate of as much as .4 of a % point as exports rose 1.8% while imports fell by 2.1%. In contrast, trade was a big drag on Q2 GDP.
---Peter Boockvar

No comments:

Post a Comment