Narrative Breaks - Continuing Jobless Claims Soar Most Since 2009 Following Trump's Election

This does not fit with the narrative. Continuing Jobless Claims are up over 6% in the weeks following Donald Trump's election...

 

This is the biggest surge since May 2009...

 

Finally, while Jeffrey Gundlach's "granddaddy of recession indicators" is based on the unemployment rate, we not that initial jobless claims are rapidly approaching their 2-year average - which in the past has probabilstically been followed by a recession...

 

Still stocks are at record highs so what could possibly go wrong?

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