One Of Our favourite Market Indicators Is Plunging, And Just Went Negative

HEADS UP: The Citigroup Economic Surprise Index went negative this week (via @ivanthek).

Here’s a 3-year look at the index, which tries to capture how well economic data is coming in compared to analyst expectations.


Photo: Bloomberg

The index seems to matter.

This fantastic chart from Reuters’ Scotty Barber shows the connection between the index and the forward 3-month relative performance of stocks. vs. bonds.


Photo: Scotty Barber, Reuters

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.