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

US labor force data #accelerating to #PeakCycle levels like this is, of course, the latest of late-cycle indicators. That said, it doesn’t mean the data (or the US Growth Bears of the last 2 years) ceases to exist. 

What the recent US employment and #accelerating Wage Inflation data hopefully does is remind you which economists and strategists were the real losers for the last 9 quarters of US GDP Growth #accelerating. 

CHART OF THE DAY: US Labor Force Data --> #PeakCycle - 09.21.18 EL Chart

CHART OF THE DAY: US Labor Force Data --> #PeakCycle - early look