3 Reasons Small-Caps May Soon Break To Upside, Adding Further to YE Everything Rally

STRATEGY: Stocks rallying because incoming data increasingly matching Fed view of “patience on rates”
3Q2021 productivity drops to lowest in 40 years: not viewed as inflationary –> proof market moving towards Fed view
Productivity in the US (essentially gap between GDP and labor cost change) dropped to the lowest in 40 years, coming in at -5%. On the surface:

this is mathematically due to “weak GDP”but historically, falling productivity means labor markets heating upthus, is norma...

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