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Editor's Note: This is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here for more information on how you can become a subscriber for $1 a day.

CHART OF THE DAY: A U.S. Economic Cycle Reality Check - z dd Chart of the Day

"...While I’m sure the Old Wall storytelling will be epic this morning on “why the jobs number wasn’t that bad” … and “stocks closed up on the day… the bottom is in…”, blah blah blah… allow me to re-interrupt with economic cycle-reality ... The jobs number sucked… and labor data will continue to suck into year-end."