Citi Economic Surprise Index vs. 10-Year U.S. Treasury Yield Economic momentum-reflected in growth data and surprises relative to forecasts-continues to be the main force driving U.S. Treasury yields. Image: Paulsen Perspectives
Citi Economic Surprise Index The falling Citi U.S. Economic Surprise Index indicates that economic data is no longer surpassing expectations, but this doesn’t necessarily signal a sudden economic downturn. Image: Bloomberg
S&P 500 Index vs. U.S. Citi Economic Surprise Index The S&P 500 Index and the U.S. Citi Economic Surprise Index are often closely correlated. But right now, bad news is good news, until it’s not. Image: Morgan Stanley Wealth Management
Citi Economic Surprise Index and 10-Year Treasury Note Yield Are bonds risky? The Citi Economic Surprise Index suggests that bond yields could rise. Image: Renaissance Macro Research
Citi Economic Surprise Index and S&P 500 This chart highlights the current divergence between the Citi Economic Surprise Index and the S&P 500. Image: BofA Global Research
Citi Economic Surprise Index and S&P 500 The Citi Economic Surprise Index has risen sharply, but it has an inconsistent history in terms of its correlation with the S&P 500. It is a cyclical indicator: high readings suggest favouring defensives over cyclicals, and low readings suggest favouring cyclicals over defensives. Image: Renaissance Macro
Citi Economic Surprise Index vs. EUR/USD Weaker European growth relative to the U.S. could weaken Euro/U.S. Dollar. Image: Credit Suisse
Citi U.S. Economic Surprise Index The recent decline in the U.S. Citi Economic Surprise Index indicates that the economy is currently underperforming analysts’ expectations. Image: Real Investment Advice
Trade-Weighted Dollar vs. G10 Citigroup Economic Surprise Index Will the U.S. dollar trend weaker in 2023? Image: BCA Research
Citi U.S. Economic Surprise Index vs. S&P 500 12-Month Earnings Surprise U.S. earnings revisions suggest negative economic surprises. Image: Morgan Stanley Research
Citi U.S. Economic Surprise Index vs. 10-Year U.S. Treasury Yield Should investors expect U.S. Treasuries to rally? Image: Morgan Stanley Research