Jobless Claims Erodes Yesterday’s Gains

<p>Strong Jobless Claims data surprised the market causing a slide in equity markets. Dan Deming says, “when you have data points like this, it dissuades people from thinking a…(pivot) will happen”. He also highlights the sharp moves in the British Pound which has shocked fixed income markets and how it could persist for some time while the market digests the global impact of U. K’s fiscal policy. </p>