• A Special HedgeyeTV Webcast Event

    1st Annual Hedgeye Investing Summit

    The sharpest minds in investing discuss the latest market and economic developments and explain their investing implications.

After two consecutive weeks where jobless claims came in lower than expected, today’s number arrived higher than forecasts at 478, 000; 10,000 more than the economists surveyed by Bloomberg and breaking the short lived winning streak for bulls looking for signs of stability.

Traders know that in a period of extreme market volatility, picking a top or bottom is very difficult –in a period of extreme economic volatility the same principal holds true. The trend in job losses has not shown signs of directional change yet.

Andrew Barber
Director