Strong Dollar Data: Wage Growth #Accelerating

10/09/17 07:35AM EDT

Editor's Note: Below is a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more about the Early Look

Strong Dollar Data: Wage Growth #Accelerating - 10.09.17 EL Chart

That’s right. Despite some of the “valuation” boys crying wolf out there with claims that “when the Financials start going up, this Tech bubble is going to burst”, both sectors enjoyed seeing US Wages #Accelerate on Friday.

With US Wage Growth #Accelerating to +2.9% year-over-year in SEP (vs. +2.5% in AUG), both the US Dollar and US Interest Rates rose again last week (bank stocks and people who are paid in Dollars love that):

A) US Dollar Index +0.8% on the week to 93.81
B) UST 2 and 10yr Yields +3 basis points each on the week to +1.51% and +2.37%, respectively


Strong Dollar Data: Wage Growth #Accelerating - early look

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