The economic data dump trifecta has been released, with updates on claims, retail sales and PPI. The end result was a nearly even beat/miss split. Initial Claims dropped 29K from the upward revised 372K, down to 343K, beating the consensus of 369K. Needless to say, this comes at a bad time for the market when in the aftermath of yesterday's Bernanke conference, this better than expected number brings us one day closer to the end of QE4EVA. Unclear how much of this is merely the overshoot to the seasonal adjustments resulting from the fudging that happened during Sandy. Remember: all claim numbers are still largely ... (full story)