Takeaway: U.S. jobs growth peaked in Febraury 2015. It's been all downhill ever since.
Despite financial media headlines trumpeting "Everything You Need To Know" about today's jobs report, the Old Wall media missed the most obvious story of all. Digging a tiny bit deeper reveals the real story. Job growth peaked in Febraury 2015. It's been all downhill ever since.
Sure, we all know job growth slowed to 160,000, well below the 200,000 number Wall Street economists were predicting.
Blah, blah, blah...
Digging just a tiny bit deeper reveals the actual story.
Job growth peaked in Febraury 2015. It's been all downhill ever since.
Here's the detailed breakdown:
And finally, a message from our outspoken CEO Keith McCullough. What you should have owned heading into today's #LateCycle Jobs Report.
Get The Macro Show and the Early Look now for only $29.95/month – a savings of 57% – with the Hedgeye Student Discount! In addition to those daily macro insights, you'll receive exclusive content tailor-made to augment what you learn in the classroom. Must be a current college or university student to qualify.
Takeaway: A closer look at global macro market developments.
Editor's Note: Below are complimentary charts highlighting global equity market developments, S&P 500 sector performance, volume on U.S. stock exchanges, and rates and bond spreads. It's on the house. For more information on how Hedgeye can help you better understand the markets and economy (and stay ahead of consensus) check out our array of investing products.
CLICK TO ENLARGE
In this brief excerpt from The Macro Show yesterday, Hedgeye CEO Keith McCullough denounces Donald Trump who reportedly said that a strong dollar is a big problem. “If you think a strong dollar is a problem, you’re a jackass,” McCullough said. “Strengthening the purchasing power of the people is the answer.”
Hedgeye Director of Research Daryl Jones sits down with Hedgeye Potomac Chief Political Strategist JT Taylor to discuss the path forward for the presumptive Republican and Democratic nominees.
Daily Trading Ranges
20 Proprietary Risk Ranges
Daily Trading Ranges is designed to help you understand where you’re buying and selling within the risk range and help you make better sales at the top end of the range and purchases at the low end.