Editor's Note: Below is a brief chart and excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.
"... That’s why stocks sold off on Friday’s #SuperLateCycle jobs “news.” In rate of change terms, fully-loaded with all the part-time hiring and construction work (yes, the weather helped in that case):
- December non-farm payroll growth slowed to 1.88% year-over-year growth vs.
- The Cycle Peak of 2.34% non-farm payroll growth in February of 2015"