Wednesday, September 11, 2019

Charts of the Day

The first chart below speaks to what we've been preaching herein since our proprietary macro index peaked back in January 2018:

click each insert to enlarge...

And here's a bit of recent employment data:

Job openings:

Small business hiring plans (red), non-farm payrolls (blue): 

And, yes, the above, in our view, reflects both correlation and causation!

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