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stocks moving higher to kick off the trading day everyone after the number of Americans filing for new unemployment claims hit an 11-month High last week fueling optimism for a September rate cut to discuss what this means for markets weamp;#39;ve got Jeffrey kleintop who is the Charles Schwab Chief Global investment strategist great to have you here with us this morning just after the opening bell so you know first and foremost you get a reading like this on the jobless claims front and of course we pair that with what we heard from fed chare J pal yesterday seems like all systems are a go for a September cut well yeah I mean the market is pricing in 100% odds of a first cut in September the problem though with that is that any disappointing economic data May no longer be welcomed by the market thereamp;#39;s no upside to the policy Outlook and only downside from a weaker economy and labor market in fact the economic surprise index is now negative in the US meaning data is coming in