02 May 2014

SP 500 and NDX Futures Daily Charts - Jobs, Jobs, Jobs, But Alas, Few Wages

Job growth continues at its aenemic pace despite the better than expected headline monthly number, which was largely due to a seasonality adjustment and an outsized Birth-Death model addition.

Wage growth was stagnant, and labor force participation continues to drop.

There is a pig under all that lipstick and mascara, and its name is insatiable greed and the folly of selfishness.

Have a pleasant evening.