Wednesday, March 25, 2020

U.S. Equity Futures: Take the Money and Run

After trading as high as 21,437 the E-mini DJIA futures are only up 80 at 20,688 and one of the reasons is probably fear of what an unemployment print of over a million would do to psychology.
As Marc Chandler put it so succinctly in the post immediately below:
....Tomorrow the US weekly jobless claims. The median forecast in the Bloomberg survey has risen to 1.5 mln. To put that number in perspective, weekly jobless claims peaked in the Great Financial Crisis near 665k.
Here's the recent action on the 5-minute chart via FinViz: