Peak Employment and Peak Earnings

The story I heard on CNBC yesterday was about how employment numbers and earnings are going to push the stock market back through the January highs and then higher.  To that I will just say, I think we have either seen or will see the highs for this cycle on those numbers now.

The interest rate hikes that have been telegraphed for the past 3 years are already in place, builders have built, manufacturers have hired, the expansion has peaked.

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