Succinct Summation of Week’s Events 6.7.19

June 7, 2019 4:30pm by Barry Ritholtz Succinct Summations for the week ending June 7th, 2019 Positives: 1. Markets rally nearly 5% on expectations of a July Rate cut; DJIA gained > 1000 points this week. 2. Wages increased by 3.1 percent year-over-year. 3. Unemployment rate remains at 3.6%.  Jobless claims came in 218k for…

Succinct Summation of Week’s Events 6.7.19

June 7, 2019 4:30pm by
Barry Ritholtz

Succinct Summations for the week ending June 7th, 2019
Positives:
1. Markets rally nearly 5% on expectations of a July Rate cut; DJIA gained > 1000 points this week.
2. Wages increased by 3.1 percent year-over-year.
3. Unemployment rate remains at 3.6%.  Jobless claims came in 218k for the week keeping the 4-week average at 215k.
4. Home mortgage refinance apps rose 6.0% w/o/w after previous decrease of
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