Wednesday, February 07, 2018

Thursday: Unemployment Claims

by Bill McBride on 2/07/2018 06:43:00 PM

• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 235 thousand initial claims, up from 230 thousand the previous week.

S&P 500
Click on graph for larger image.

By request, here is a stock market graph. This graph shows the S&P 500 since 1990 (this excludes dividends).

The dashed line is the closing price today. The market is essentially unchanged year-to-date, and down about 6.7% from the recent high.

Corrections of 10% or so are usually fairly common (2017 was an unusual year), and this isn't  even 10%.

Still not scary - at least not yet.