Jobless claims fall to 5-1/2 year low

The 326K print was the smallest since January 2008, though there is some question as to whether government models are accurately adjusting for the changed nature of summer auto plant shutdowns (some manufacturers completely forego them now).

The 4-week moving average declines 4.5K to 341,250.

Treasury prices have no issue with the seasonal adjustment and head south fast, TLT -1.2% premarket and the 10-year yield up 4 bps to 2.64%.

Stock index futures remain higher by 0.7%.

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Comments (3)
  • John Cusack's Pancreas
    , contributor
    Comments (71) | Send Message
    I'm all for riding this rally but for true reality why is the Totus on tour about rescuing the middle class and there are 47million Americans on Snap (food stamps) if things are so great?
    1 Aug 2013, 10:33 AM Reply Like
  • SoCalNative+(RIP)
    , contributor
    Comments (651) | Send Message
    It's a miracle.
    1 Aug 2013, 11:06 AM Reply Like
  • tom_t
    , contributor
    Comments (323) | Send Message
    Things are great for some people; not so much for others.
    1 Aug 2013, 11:48 AM Reply Like
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