The following chart shows quarterly employment growth using the average of the establishment and household surveys.
Click to enlarge.
I have added a parabolic trend channel in red using the data points in red. I have also added a parabolic trend in blue that uses all of the data points.
If the Fed's only tools to fight gravity are ZIRP and QE, then everything starts to look like a parabola.
This is not investment advice. I do not claim to be able to accurately predict the future based on extrapolating the recent past. That said, you better hope that the chart is just a silly distraction in an endless sea of prosperity. I mean really, you better hope that. The stock market has had quite a run since 2009. No party lasts forever.
Source Data:
St. Louis Fed: Custom Chart
Sunday Night Futures
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Weekend:
• Schedule for Week of April 28, 2024
Monday:
• At 10:30 AM ET, *Dallas Fed Survey of Manufacturing Activity* for April.
From CNBC: Pre-Market Dat...
3 hours ago
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Oops. Sorry about that.
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