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JDIV - Ignore The Unemployment Claims Watch What Insiders Are Doing
JPMorgan U.S. Dividend
Co-produced with Trapping Value
In total, 3.38 million people filed for unemployment benefits last week. The numbers were so off the charts that we likely will have to exclude this period when we want to look at this data in the future.
While people were shocked at the magnitude of those claims, for us it's a meaningless statistic. The key aspect is just simply if the underlying businesses can be kept viable until this rolls over, in threeweeks or three months. As long as that's done and the unemployed are given support, the claim numbers