Reply To: Traders Market Weekly: Fear, Greed, War and Volatility


Initial jobless claims for the week ending April 13 were unchanged at 212,000 (consensus 215,000) while continuing jobless claims for the week ending April 6 increased by 2,000 to 1.812 million.

The key takeaway from the report remains the low initial claims number (a leading indicator), which continues to be indicative of a solid labor market that portends good growth dynamics for the economy.

The Philadelphia Fed Index for April checked in at 15.5 (consensus 0.0) versus 3.2 in March. A number above 0.0 reflects an expansion in activity, so not only did manufacturing activity in the Philadelphia Fed region expand in April, it also accelerated from March. There was a pickup in the Prices Paid Index, too, which climbed to 23.0 from 3.7.

Treasury yields are slightly higher.

The 10-yr note yield is up two basis points to 4.61% and the 2-yr note yield is up three basis points to 4.96%.