Browsing Tag

Economic Data

Chart of the day: Continuing Claims

The U.S. Department of Labor just released the weekly report for unemployment insurance claims. Initial claims were 384,000, while continuing claims rose to 3.139 million. The 4-week average moved up to 3,099,250. This is 593,000 more…

Chart of the day: S&P vs. nominal GDP

Economists have a way of coming up with more ratios and statistics than you can shake a stick at. True to my profession, I have developed a long-term yardstick of market overvaluation and undervaluation. I have no short-hand for it yet so…

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