THE NO. 1 MISTAKE STOCK MARKET INVESTORS ARE MAKING NOW — JOBLESS CLAIMS SHOW NO DEPRESSION $TDOC $MSFT $AMZN $CSCO $GOOG $ZM $WORK
In the wake of coronavirus-related volatility in the stock market, investors are asking: “Is the economic data showing that there will be a depression?”
The No. 1 mistake investors make as they try to figure out the answer is that they are mostly focused on one dimension of a two-dimensional problem.
The second dimension is the time frame, or the duration. As an example, new weekly jobless claims published Thursday came in at 5.245 million versus a consensus of 5.0 million. On the surface, that is a terrible number.
In our analysis at The Arora Report, the number of new jobless claims is in the process of peaking in the near term.
April 18, 2020