Episode 295: Daily Covid and Markets - Thursday July 16
The market missed out on its first five consecutive days of price increase by dropping 135 points today …
Initial jobless claims came in at 1.3 million for the week, a tad higher than 1.25 million expected. Continuing claims dropped to 17.3 million, a bigger drop than expected and now down 30% from the 25 million high of March. Retail sales were up +7.5% in June vs. +5% expected.