*Jobless claims showed strength today after a month of weaker numbers.
*Jobless claims have proven to predict the Fed's favorite non-farm payroll numbers.
*The only data we see that can call off a rate hike in December is if non-farm payrolls were to fall off a cliff.
*Jobless claims improving is one step closer to tell us that will not happen.
Jobless claims slowed throughout October which predicted a slower non-farm payrolls number ("NFP"). NFP is the main gauge that will help the Fed go ahead with its December rate hike. Jobless claims showed strength in today's report, which is a step closer to a solid NFP number which will report December 2nd. A rate hike is a risk to markets.
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