The folks at StockTwits wonder if the bear hasn’t begun its dance in the stock market, which fell sharply after weekly jobless claims surged by 22,000 to 496,000; analysts had expected a jump of just 13,000. In honor of the moment, the prognosticators at the Twitter spinoff put out a link to this black bear doing the funk:
As for stocks — it may be premature to call the start of a new bear market based on today’s jobless claims. Bondscoop warned that bad weather and President Day’s weekend would make a hash of the numbers. Still it bears needs watching: The four-week average has risen by 6,000.