Editor’s note: This post was made available to paying subscribers in real time yesterday.
To gain an edge, this is what you need to know now.
Productivity Data Kills The Rally
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- In the Morning Capable we wrote,
A Shocker
Productivity-Prelim came at -7.5% vs. -2.8% consensus. This is a shocking piece of new data. In the past, the U.S. has overcome difficult circumstances because of rising productivity. This time productivity is falling by a shocking amount.