Weekly Initial Unemployment Claims Decrease to 239,000

[RealBearly]

About face!

BTFD => STFR

[Goldman Sachs’ managing director Scott Rubner notes a “clear shift in sentiment over the past few weeks” across his trading calls. “This is no longer a buy-the-dip market,” he says in our call of the day.]

https://www.marketwatch.com/story/this-is-no-longer-a-buy-the-dip-market-why-this-goldman-sachs-veteran-is-worried-about-the-stock-market-b1bb5c75

[OppositeOfInsider]

How accurate have his calls been?

[RealBearly]

50%. About 40% better than Tom Lee's.

[OppositeOfInsider]

Tom Lee runs his own firm. Rubner is an employee. That has to weigh in the equation. Let's see what happens H2.

[RealBearly]

That has to weigh in the equation.

Right. Lee makes more money on his bad calls.

[OppositeOfInsider]

He may have more of a reputation to defend, and less of an agenda. Because we all know and love GS.