US Jobless Claims Drop to 215K, Beat 218K Forecast
A 2,000-claim beat looks small, but a downward revision to the prior week keeps the labor market narrative firmly 'no rush to cut' for the Fed.
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A 2,000-claim beat looks small, but a downward revision to the prior week keeps the labor market narrative firmly 'no rush to cut' for the Fed.
The bounce came not from crypto buyers but from Micron's blockbuster earnings, proof that the same AI memory trade that hammered risk assets on Monday is now the only thing steadying the market…
The macro calendar carries the week: PCE, jobless claims and two housing prints arrive Thursday morning, with prediction markets already pricing in a hold at June's FOMC and Kevin Warsh's first full…
The 9-day ETF inflow run broke before the Fed's rate decision and a heavy data week, leaving Bitcoin down roughly 1% and Ethereum 1.4% as the Fear & Greed Index slipped to 33.