A.M. Update – Initial Jobless Claims Jump

S&P futures are unchanged. This is from down -0.2% at 8 a.m. as yields were higher before Initial Jobless Claims. Bad economic news is good news for the market. Initial Jobless Claims suddenly spiked to 231,000 (consensus 213,000), the highest in 9 months, following a revised count of 209,000 last week (from 208,000). Continuing claims…