July CPI and Weekly Jobless Claims

Mike Paulenoff By

From the looks of it, Headline CPI came in slightly better (lower) than forecast, but slightly hotter than June.

What really stands out (in a relative sense) is the uptick in Jobless Claims, which implies a weakening jobs market...

So far, ES initially popped higher from 4508.50 to 4525, but has reversed down again 4508/10, as the two-way circle-jerk trading pattern continues...

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