CHART OF THE DAY: #ACATaper Likely = #NFPTaper

09/09/16 07:27AM EDT

Editor's Note: Below is an excerpt and chart from today's Early Look written by Hedgeye U.S. Macro Analyst Christian Drake. Click here to learn more.

 

ACA has proven effective as a jobs and consumption stimulus program.  It served to augment employment growth over the last two years and has helped support headline payroll gains in the face of ex-healthcare softening in 2016. 

 

However, as the #ACATaper theme plays out and the benefit decays, the support to NFP will similarly diminish. 

CHART OF THE DAY: #ACATaper Likely = #NFPTaper - cd 1

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.