07 Oct Rally on Unemployment Data and Big Moves in TQQQ and AMD
Dear Traders,Today is the day that weekly jobless claim numbers in the US are released. Analysts are expecting a reading of 204K, after last week's surprisingly strong 193K print. The weekly claims report is an important datapoint these days. After last week's strong numbers, stocks immediately tanked, with the S&P 500 falling around 2% last Thursday. In fact, this is the major theme that we see continuing this week as well. When labor data is...