Initial Claims improved to 271k; Manufacturing data showed eroded confidence; oil sinks to lowest level in near 7 years

After a day of rate hike celebration in the stock market (possibly fueled by short positions covering), the major US indices retraced as investors began to assimilate manufacturing data. In December, Capacity Utilization Rate, Industrial Production, as well as… Continue reading Initial Claims improved to 271k; Manufacturing data showed eroded confidence; oil sinks to lowest level in near 7 years