February 23, 2017
Jobless claims continue to come in at very low and favorable levels and are pointing squarely at strength for the February employment report. Home prices are also solid based on the FHFA report though the national activity index, which is fractionally negative, is a reminder that general growth has been soft this cycle.
With another fractional gain, the Dow extended its winning streak to 10 sessions with a 0.2 percent increase to 20,810. Interest rates were little changed while the dollar index, reflecting bounce-back strength for the euro and yen, fell 0.3 percent to 101.00. Oil is back overs $54 despite a build, though a small one, in weekly inventories, and gold caught a bid, up $15 to $1,250.