The number of employees across the firms of the broad-based Russell 2000 equity index has collapsed by more than half from its peak. The price of that index, in the same period, has risen 137%. Can you spot when the index 'price' disconnected from economic reality?
No seasonal adjustments; no surveys; no bullshit... Just Jobs -50% from peak... great for stocks
[5]
Be careful what you wish for Mrs Yellen...
Of course, we are sure the chart will be dismissed as meaningless for some "demographic" or "cyclical" reason and we should not worry, just BTFATH, of course.
Chart: Bloomberg
h/t Guenter Leitold