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CHART OF THE DAY: Lagging, Late-Cycle Payroll Numbers - drake1

Editor's note: This is an excerpt from today's Morning Newsletter written by Hedgeye CEO Keith McCullough. Click here for more information and to become a subscriber.

And, most importantly, as you can see in the Chart of The Day, the payroll numbers are the most lagging of late-cycle employment numbers there are. Most of the time they peak, AFTER the economic cycle does.