Check out this headline from CNBC’s homepage ahead of the opening bell tomorrow:
Jobless Claims to Set Tone Ahead of Jobs Friday
Really? Just like the ADP report set the tone on Wednesday? We’ll chalk this up as exhibit A in the evidence file for why you shouldn’t pay attention to the financial media. The market was virtually unswayed by poor ADP data Wednesday yet here CNBC is leading you to believe that different jobs data on Thursday will have again “set the tone.” Idiots.
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