By now we have shown every possible divergence between the ongoing collapse in jobless claims (everything is awesome) as practically every manufacturing and service economy hard data print suggests the exact opposite. So this week, we just notice that initial claims jump over 5% this week to 260k - the biggest weekly rise since May...
Having hit 43 year lows last week, this week's bounce is like a fart in a hurricane, but still, it's a potential trende change (as Ford shutters 4 factories)
Probably nothing...
