Good Morning (--or maybe early afternoon) a late start with this already--
Date Time (ET) Statistic Actual Briefing Forecast Market Expects Prior Revised From 5-Mar 7:30 AM Challenger Job Cuts 20.90% NA NA 17.60% - 5-Mar 8:30 AM Initial Claims 320K 300K 295K 313K - 5-Mar 8:30 AM Continuing Claims 2421K 2400K 2404K 2404K 2401K 5-Mar 8:30 AM Productivity-Rev. -2.20% -1.60% -2.30% -1.80% - 5-Mar 8:30 AM Unit Labor Costs -Rev 4.10%
--and later we get Factory Orders and Natural Gas Inventories. Stock futures are up and climbing seeing indexes +0.26 and metals +0.21% although those are right now trading off a bit w/ gold $1,200.65 and silver $16.25. Yesterday's stocks were an S&P500 distribution day but the thinking is that we still got a lot of momentum left....
Nobody's talking about it but before '07 when the U.S. got taken over by the professional victims we had climbing real wages along with climbing output. Since then we've seen output stalling and the beginnings of a wage crunch. My bet is in further wage cuts.