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Citi Economic Surprise Index spikes – Sober Look

This is a syndicated repost published with the permission of Sober Look. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Today’s employment report has sent the Citi Economic Surprise index sharply higher.

Citi Economic Surprise Index

This is building on earlier momentum from stronger than expected US economic indicators such as the ISM PMI results.

Manufacturing (white) and Non-manufacturing (yellow) ISM PMI

There is no question that the US economy is not going to experience the type of contraction seen in Europe. But slow growth of 2% and under is the “new normal”.

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