On May 21, a lackluster 20-year U.S. Treasury bond auction delivered what can only be described as a resounding vote of no confidence in Washington’s economic stewardship.
WASHINGTON, May 29 (Reuters) - The number of Americans filing new applications for jobless benefits increased more than expected last week.SPX action on the 21st and 29th looking toppy.
- Weekly jobless claims increase 14,000 to 240,000
- Continuing claims rise 26,000 to 1.919 million
- Corporate profits fall $118.1 billion in first quarter
- Economy contracts at 0.2% rate in Q1 by all measures.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-22720
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