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In this video, we delve into the recent increase in initial jobless claims and the drop in the economic surprise index, leading to recession fears and industry volatility since March 2024. Contrary to popular belief, the recent S&P 500 correction was due to rising loan charge rates, not recession concerns. We discuss how shifts in loan charge rate expectations impacted the industry and highlight the significance of technical indicators and the OEX open loan charge ratio.
DISCLAIMER: This video is for entertainment purposes only. We are not financial advisers, and you should do your own research and go through your own thought process before investing in a position. Trading is risky; best of luck!
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