Financials were lagging anyways, but it seems the dip in ‘initial claims’ was attributed to their run up with the rest of the market. How would Financials take a strong NFP tomorrow? Nevermind an in-line number. If Strong, That adds credence to Bernanke ending pumping liquidity sooner, equals bad for banks but will the rest of the market make them rise or blunt a decline in them?
It’s one of those NFP numbers that may be important again tomorrow. Miss = more liquidity pumping. Beat = start tapping the breaks.