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Pragmatic Capitalism

Practical Views on Money & Finance

Citi Economic Surprise Index Spikes

By Walter Kurtz, Sober Look

Friday’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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Sober Look

Sober Look

Sober Look was founded by Walter Kurtz, a New York based hedge fund manager and credit markets specialist.

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