The Jobless Claims report was released this morning. The actual Initial Claims were not too far off the estimate. Personal Income & Outlays numbers were a miss across the board. How is the stock market today reacting to this economic data? “There could be another bear market rally. Crude oil is being driven by supply. Demand is starting to decline due to the prices,” says Dan Deming. He also examines other commodities, interest rates, and bonds.
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