Editor's Note: This is a chart and excerpt from today's morning market note written by Hedgeye CEO Keith McCullough. Click here to become a subscriber.
...No you didn’t. You didn’t think I’d do what all of the mainstream financial media (and most sell-side strategists) are doing this morning and ignore another rate-of-change #GrowthSlowing in US employment, did you?
As you can see in today’s Chart of The Day (I did the Crayola coloring myself over the weekend), the peak in a classic #LateCycle US economic indicator (non-farm payroll growth) was 4 months ago (February 2015) at 2.34% year-over-year.