About 30 Million Workers Are Collecting Jobless Benefits.
The number of new claims for unemployment benefit jumped last month to 1.4m. That’s worse than expected and the first week-on-week rise for four months.
We can expect a reflection of today`s news in the overvalued stock market.
Sell-off accelerates also because of escalating US-China tensions and faltering economic recovery.
The indicators show a sell recommendation. We are also in an overbought area.
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