We will get the first “clean week” (no holidays) of data in quite a while today, which should give us a clearer reading on the state of the US labor market at 8:30. Economists see 500,000 new claims. I’m gonna go out on a limb as guess they’ll be closer to 550,000. Continuing claims will continue to ratchet higher.
PPI is due as well, expected to fall 2.0%.