Confidence and jobs sort of go together; that's why no one moved on the confidence report. People are working it seems. It's not really much of a surprise. |
I haven't experienced a lull in trading like we've had in the last couple of weeks in years; it just seems no one really wants to make any huge bets going into the FOMC meeting, because they could say anything. |
Overall, the new data were very positive for the economy and bad for bonds. |
The drop in the (weekly) jobless claims number was key to the market's early weakness. |