Everyone Is Wrong About What's Driving The Market These Days

Everyone has the same idea of what’s driving the market these days, as this Google News search can attest:

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So it’s a “headline-driven market”?

Nah, not really.

As this chart of the S&P vs. the inverse of jobless claims continues to show, the market is just moving with the fundamentals, week in and week out. The headlines are mostly a distraction.

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