My forecast for this week’s jobless claims is looking especially sunny. The economy is strong, with the jobs market working its way back into that “Goldilocks” zone of stable growth. What does this mean for your portfolio? Watch this week’s video to find out (and scroll down for this week’s trade details from Matt Clark)
Read MoreWelcome to your Thursday edition of Superforecast Trader! On Tuesday, I mentioned that we’d get a downturn in weekly jobless claims this week because the week before gave us a print we didn’t expect. Well, the numbers are in, and that’s precisely what happened.
Read MoreWelcome to your Tuesday edition of Superforecast Trader! Last week saw a spike in jobless claims that came as a surprise to Wall Street and most investors. In today’s video update, I want to explain why this surge in claims isn’t really anything to worry about, even though I’m expecting another week of above average claims.
Read MoreWelcome to your Thursday edition of Superforecast Trader. Jobless claim figures were released this morning, and there was a big surprise. Claims for the week following Easter jumped 18,000 over the previous week to 241,000 — the highest level since February.
Read MoreWe’ve got a “double witching” week for labor market data, with jobless claims coming up on Thursday and payrolls coming up on Friday. These two data points are going to be critical for shaping the perception of the overall economy — and in turn, determining the likelihood of rate cutes from the Federal Reserve in June or July. But once again, experts are missing the mark with their projections. Watch my video below for the full story, then scroll down for the details of today’s trade:
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