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

CHART OF THE DAY: The Most Asymmetric Risk In US Macro? - z34

As you can see in today’s Chart of The Day (slide 65 in the current Macro Themes deck is one of the most asymmetric risk charts left in US macro), once jobless claims bottom and hook higher, they don’t go up slowly – they rip higher. 

Who’s Bearish Enough on that? 

And if you are Bearish Enough on LABOR joining GROWTH, INFLATION, and PROFITS #slowing, why aren’t your top asset allocations Treasury Bonds (across the curve), Utilities (XLU) and REITS (VNQ)? Because they’re “expensive”? Ha! 

CHART OF THE DAY: The Most Asymmetric Risk In US Macro? - Chart of the Day