Markets seem to be ignoring the incredibly large and record-setting downward adjustment to jobs (>900k for 2024). However, the state of employment over a long period of time, it turns out, is incredibly important to the stock market. Below we see a four-year rate of change for both the employment to population statistics (now negative for almost two years year over year) and the S&P 500. Extremely well correlated. The little red and green blips on the far right of the chart show how the trends will change in the coming months assuming the current levels stay the same –…
Read More
We routinely publish news, information and insights to keep our clients informed while also deepening their understanding of a variety of wealth management topics.