Weekly Jobless Claims

Department of Labor

*Non-seasonally adjusted

*Year on year numbers:

Initial Claims for the week ending February 1st,

Increased 4,961, That’s +2.1%

Continuing Claims for the week ending January 25th,

Increased 122,430, That’s +5.7%

These numbers are viewed an increase of risk and reason for a defensive positioning.

*Weekly Claims are viewed as a Macro Indicator where year on year observation accounts for short-term nuance.

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The time for activity is now, as post portfolio potential damage is too late.

Thanks for reading,

PTB