Positives: Initial jobless claims remained very low at 253k, 12k less than expected and little changed with last week’s print of 254k. This brings the 4 week average down to 258k from 259k last week and near a level seen 3 months ago. Delayed by a week, continuing claims fell by 25k after rising by 36k last week. The Markit’s index of US manufacturing for July …
[Read more...] about 7/22 – A Succinct Summary of the Week’s Events