by Calculated Risk on 2/07/2018 06:43:00 PM
Wednesday, February 07, 2018
• 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.
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.