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The Day Data-Dependence Died: US Macro Has Longest-Winning Streak In History

Something ‘odd’ is going on. Amid the plethora of 11-foot-tall-men multiple-standard deviation beats in recent economic data, the Citi Macro Surprise Index did something it has never done before – it rose for 21 days straight – breaking the last 5 years trends of seasonal dumps (into mid-year) and pumps (into fiscal year-end)…

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