Archive Category: Andrew Zatlin's Superforecast Trader Archive

Not since February have we seen weekly jobless claims reach such a high level… That said, this kind of volatility is to be expected around this time of year. Numbers from the Labor Department found that, for the week ending June 6, initial weekly jobless claims rose to their highest level since earlier this year.

Hello, and welcome back to Superforecast Trader! Today, we’re going to be diving into a major trend shift that’s now playing out in the markets… I’m talking about the “good news is bad news” bump we saw following higher-than-expected jobless claims last week.

It’s been an interesting run for weekly jobless claims over the last several months. Since a spike in February, claims have dropped to as low as 190,000, and hovered between 200,000 and 220,000.

Hello and welcome back to Superforecast Trader! Andrew is out traveling today, but he’s already shared his latest predictions with me for the week ahead. First, let’s address last week’s Super Divergence trade on the SPDR S&P 500 ETF (SPY).

The market was expecting a slight increase, or flattening, of initial jobless claims for the week ending May 16.