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Labor Market 'Breadth' Nears Record Low

Labor Market 'Breadth' Nears Record Low

Authored by Teddy Vallee via Pervalle.com,

Tom Keene was out with a chart today referencing Zerohedge’s point that a large percentage of the non-farm payroll growth has been a result of lower paying industries, such as food and drinking places – or as they would put it, more bartenders.

Dead.Market.Walking

Dead.Market.Walking

While all eyes have been focused on the incessant rise in the price-weighted farce known as The Dow Jones Industrial Average, a funny thing happened in the 'real' market...

The S&P 500 went nowhere... 2474, 2473, 2473, 2470, 2477, 2478, 2475, 2472, 2470, 2476, 2478, 2472, 2477...

 

How unusual is this? Simple - it's never, ever (in 90 years of S&P history) happened before...

 

Since The Fed (et al.) began tinkering (red shaded box), markets have slowly (and now quickly) died.

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