Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Setting aside the non-V-shaped US jobs recovery associated with all of our newfound wealth, are you proud about all of this?
I’m just asking for some friends who don’t own Treasuries, Tech, or Gold. Hopefully you have non-Wall-Street friends in your lives too. If they still have a job, they’re getting paid in Devalued Dollars. Sadly, their cost of living continues to rise in kind.
Which brings us to this morning’s Quad map:
With a non-recovery in the labor market and profits collapsing to new Cycle Lows, are we proud of this?