This Week's Jobless # Shines Light In A Darkening Hole...
The weekly jobless claims # of 346,000 was a big surprise to the positive side versus last week's abysmal 404,000. This actually improves the 4 week moving average for the 1st time since the US market began its latest decline.
Additionally, this morning's June same store sales #'s at US retail were certainly better than toxic.
As the facts change I will, and these 2 facts are better than I was expecting.
Into market weakness, I continue to get longer this morning. KM
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