Thursday, December 16, 2010

The Lagging Indicator Continues to Catch Up

Good news from our favorite lagging indicator. Six straight weeks of declining jobless claims.

Of course, this is economic news of what has happened. As we know, the stock market looks ahead and not in reverse. So much of this could already be priced in and it may take better news going forward to keep the rally alive.

But if we think about what higher employment means, it could be good for retail, housing, energy, etc., as demand rises with more spending.

Just thinking out loud, and this could all be priced in, too!

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