Is Speculation Helping to Drive the Market Selloff?

The video discusses the current state of the US and European markets, highlighting concerns about the global economy, including the impact of Ebola. It examines the unusual rally in small cap stocks and speculates on the role of hedge funds and derivatives in market movements. The video also covers trends in the treasury market, influenced by low jobless claims and potential Fed actions. Finally, it addresses the divergence between core and peripheral European markets, with a focus on bond yields.

What implications does the jobless claims data have on the Federal Reserve's potential actions?

Describe the current situation in Europe as mentioned in the text, particularly regarding bond yields.