Thursday, September 1, 2016

Jobless Claims Today Showed A Slower August. What Will Nonfarm Payrolls Show Tomorrow?

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*Jobless claims gives us a sneak peak into non-farm payrolls tomorrow.
*The jobs market has cooled, but is still near historic levels.
*Tomorrow's number is really what matters.

Jobless claims reported today came in a touch higher, but still near record-low territory. The four-week average also showed a touch of softness, which may give us some hint into tomorrow's non-farm payrolls (NFP) report. NFP is the key Fed economic signal and will likely decide if markets can go up or down from here.
Let's look at jobless claims reported today.
The recent report showed 263,000 initial jobless claims. That is a touch higher than the last week, which means a touch slower economy.
What Can This Tell Us About NFP?
What's more important to us for tomorrow is how does this month look versus last month? Maybe that can give us a clue into NFP tomorrow.

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Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principal especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS