from King World News
“The Fed is now all in. It’s no surprise that gold is up $42 in response.”
What A Day
April 9 (King World News) – Peter Boockvar: Initial claims totaled 6.61mm, about 100k more than expected but down slightly from the 6.65mm seen last week. Continuing claims, delayed by a week, rose to 7.46mm from 3.06mm last week but that was less than the estimate of 8.24mm. Bottom line, it is what it is but a reality we are well aware of. Because of expanded unemployment claims and a view towards the other side of this virus, the market has shifted its attention to what comes next.