It's getting old, but the percentage of missed expectations in economic data is now over 90% since the start of February with three more added to the long list today.
It's getting old but the percentage of missed expectations in economic data is now over 90% since the start of February with three more added to the long list today. This has pushed Bloomberg's US Macro Surprise index to its worst start to a year on record.
Not pretty...
This is the worst start to the year since records began...
But this Bad news is Great news!!!
Charts: Bloomberg
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