A Quick Update On The Only Economic Datapoint That Really Matters

I really really like this relationship but wish someone would chart it back much further.

Want to know what’s going to happen in the stock market (and by extension the Presidential election)?

Just keep your eye on weekly initial jobless claims.

The recent improvement in claims perfectly mirrors the recent improvement in the stock market, and going back over 5 years, the relationship remains pretty much perfect.

See the article and graph here.