Editor's Note: The chart and excerpt below are from today's Early Look which was written by Hedgeye U.S. Macro Analyst Christian Drake. Click here if you'd like to subscribe and begin your market day on the right foot.
...In the Chart of the Day below we show the trend in Goods vs Services employment over the last four cycles. As can be seen, employment growth in the goods producing sector tends to presage the trend in services and aggregate employment.
The bottom-line is that the clock tick is getting louder on the current expansion and it’s time to start preparing for the inevitable cyclical downturn.