Markets gap down to start the day, with all of them about %1.5 down. This however was largely due to a sharp dip a few minutes after the close yesterday, markets consolidating for the most part now which means buyers are stepping up.
State unemployment claims for the last week came in at 373k, 23k over expectations with 200-250k being a benchmark for a healthy labor market. This of course comes on the heels of June being the best month in the past 10 for businesses hiring, an interesting contrast for sure...
Market volatility has made a pretty large jump over past 2-3 trading days.
Oil price stabilizes, doesn't seem to help the energy sector much today though. Tech, Financial, and Industrial sector also getting hammered. to start the day.
Bitcoin takes a drop to 32.5k, hovering around our support area of 32k, hopefully we will see a bounce instead of a continued drop.
