Horrible jobless claims data, oil market moving higher on China and Trump comments – Don’t buy into some of these bounces today!
Chris Temple joins me today to address a couple major headlines that are moving markets today.
We start with the blowout jobless claims number that came in at 6.65million. Next up is news impacting the oil patch. Trump made comments bu the news out of China is what’s really contributing to the >25% gains today.
With pretty much everything up today there are a lot of rallies to be faded. However we do wrap up the call with the rallies that Chris thinks are real.