ETF Action Research

 Macro Brief: Jobless Claims


Initial jobless claims drops to lowest level since March, falls below 800K

  • 787K initial claims below consensus estimates (est. 865K); down 55K week/week
  • Last week's 898K initial claims revised lower by 56K to 842K
  • Continuing claims decreased 1.024 million to 8.373 million for week ending October 10
  • 10.232 million individuals claiming Pandemic Unemployment Assistance benefits  while 3.296 million claiming Pandemic Emergency Unemployment Compensation Benefits

 Macro Brief: Existing Home Sales


Existing home sales climbed for the fourth consecutive month in September

  • Existing sales reported 6.540 Million vs 6.200 Million estimated
  • Supply at lowest level ever as properties remained on the market for 21 days in September 
  • Record-low interest rates and flexibility to work from home elevating home sales activity (and prices)
  • Housing market continues to be shining area of U.S. economy in 2020

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