Jobless claims come later in the week. There is no labor print today. Labor is not today’s print.
Trading the day as a labor day trades a calendar that is not open yet. Today speakers, housing, and earnings season explain the tape, not the claims.
The note crosses out the wrong cause so the book reads the right one.
What the desk is watching
- Claims later in the week
- No labor print today
- Speakers, housing, and earnings explain the day