Original post:
It is factoids like this that have kept us bullish on the overall market even as a major component of the indices, energy, got whacked.
From Quartz:
This might be the best economic news Americans have had in a good long while.New claims for unemployment benefits continued to plummet, tumbling to their lowest level since 2000.
And what’s more, there are even signs of life in nominal wages, which were up 2.6% in the first quarter, year-on-year.
This is precisely why we told you to ignore the weak first-quarter GDP data produced yesterday....Update- ZeroHedge takes a different view:
No Growth In Personal Income Pushes Savings Rate To Lowest In 2015; Spending Misses Expectations
