Data dump and Lagarde talks tough

With so many data points this morning, let's go thru this quick. So last week's jobless claims jump was maybe no anomaly as the 262k level was matched again this week, 17k more than expected after last week's upside surprise of 26k. This puts the 4 week average at 247k from 238k last week and vs 230k in the week prior. That is the highest since last Nov…