High-Frequency Post-Virus Recovery - 2023-10-25
Date:
Thursday, October 26, 2023
Summary:
After this morning's blockbuster low-frequency data from Q3 GDP, the high-frequency data is looking just as good. Claims missed slightly, but still crazy low, and the implied unemployment rate didn't budge. You can't end a business cycle without a breakout in claims, and we have the opposite.