So the latest jobless claims number came in way better than expected; under $500k for the first time since Covid first struck. That's some good news, right?
Well, yes, unless you're a stock trader -- a bullish stock trader, that is.
Here's the S&P future contract since 5 am (pt) this morning. I circled the moment the news came out, and now:
"When it comes to decision-making, current conditions also play an outsized role in how we think because we have a tendency to assume that those conditions will persist."