Weekly initial jobless claims rise 242,000, more than expected
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BTIG: SPY gap points to poor near-term risk/reward
June 13, 2024 1:36 PM EDTBTIG analysts warned in a note Thursday that the recent strong performance of the S&P 500 might be short-term, with potential downside in the near future. Their analysis is based on historical data related to gaps following impressive index moves.
"An impressive index move post CPI yet again, but as always, it's the 'reaction to the reaction' that matters," says BTIG. They point out that... More
