On December 16th I posted some trading views, in which I referenced the economic surprise index Citigroup publishes for the US. Here it is, from that date, below:
And here is the update from today:
Remember, a positive reading of the Index suggests that economic releases have been, on balance, beating consensus. So a lower positive number means less positive surprise. It doesn’t mean negative surprise until it crosses zero.
We’re approaching zero pretty fast.