As the financial media obsess over data like this morning’s payroll numbers, it’s interesting to observe trends in the direction and degree of “surprises” about the data.
Here is the Citigroup Economic Surprise Index for the US:
As the financial media obsess over data like this morning’s payroll numbers, it’s interesting to observe trends in the direction and degree of “surprises” about the data.
Here is the Citigroup Economic Surprise Index for the US:
Well, true to the pattern we’re in right now, today’s number was a negative surprise. Bonds rallied and stock futures fell.