The economic recovery in the US is coming to an abrupt end. Pundits keep trying to guess when consumer spending and business investment will pick up the slack, but the answer is quite easy – It’s jobs people!!
I charted Unemployment vs the S+P and the year to date chart shows how the market follows the jobs data up and down. If we want a real recovery, that is sustainable, it has to be backed by jobs, not just printing money by the fed.
Here is that chart –> http://www.hiddenlevers.com/hl/u?cg2jFc