Ever since August’s selloff got going (perhaps due to concerns over China and the Fed) there have been questions about whether the market’s newfound volatility would hurt the real economy. The good news is that so far there’s no real evidence that all the whiplash is bleeding through, and two high-frequency data points published on Thursday highlight that point. Initial Jobless Claims came in at 275,000, a number that remains near historical lows and is smaller than it was a week earlier. Also, the latest reading of the Bloomberg Consumer Comfort Index was unchanged since the prior reading. So for now, you should be relieved.
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