A.M. Update

S&P futures are up 0.35% following Nvidia’s earnings report. NVIDIA is up +2% which isn’t bad but nowhere near the +/-10% move options straddles implied. Initial jobless claims for the week ending February 22 increased by 22,000 to 242,000 (consensus 220,000)- the highest since Oct. 2024. Continuing jobless claims for the week ending February 15…