Fed 'Pause' May Be Enough, RBC's Calvasina Says

The video discusses the correlation between market trends and jobless claims, highlighting how both small and large markets anticipate a rise in jobless claims. It also covers the Federal Reserve's approach to rate hikes, suggesting a potential slowdown in the pace of increases. The discussion concludes with an analysis of market reactions to these economic indicators and the potential for a pause rather than a pivot in monetary policy.

What is the significance of the market already baking in expectations regarding jobless claims?

What does the speaker mean by 'the talk about the pivot'?