Greetings,
United States: Initial jobless claims (excluding emergency programs) keep decreasing.
Continuing claims were also lower. If the trend keeps up, it will give the FOMC hawks further ammunition to argue for taper.
China: Stocks are down again today, with the CSI 300 index at the lowest level since last November.
Shares are also down in Hong Kong, with tech shares tumbling.
Cryptocurrency: Bitcoin has outperformed other large cryptocurrencies over the past week.
Equities: It’s been a tough couple of weeks for small caps.
Rates: The Treasury curve is flattening.
Food for Thought: Afghan war deaths:
Edited by Daniel Moskovits
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