Analyst: If the initial claims data unexpectedly rises to the high end of the range, the market may fall into a risk-averse state
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Odaily reports that analyst Giuseppe Dellamotta stated that the US weekly jobless claims data will be released tonight. As a more timely indicator reflecting the state of the labor market, this data remains one of the most important weekly data points. Initial jobless claims have remained in the 200,000-260,000 range created since 2022, while continuing jobless claims, although showing some relief recently, continue to hover around the cyclical highs. Given the recent panic over economic growth, if the data jumps above the upper limit of the range, the market is likely to fall back into a risk-averse sentiment again. (JinShi)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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