US Macro Data Plunges Most In 10 Months

 

 

 

 

” The last two weeks have not been pretty for the ‘it’s different this time’ crowd. Day after day has brough miss after miss in macro-economic data for the US; from PMIs to NFPs, no matter how hard you try, there is not even enough for an ‘anecdotal’ strategist to pin his BTFD thesis on. Quantitatively, the US macro surprise index has seen its biggest 10-day drop in 10 months, completely reversing all the ‘seasonally-adjusted’ difference from the 2011 ‘Deja-Vu’ market and macro behavior.”