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. Picture source: Renaissance Macro
Citi Economic Surprise Index vs. EUR/USD Weaker European growth relative to the U.S. could weaken Euro/U.S. Dollar. Picture source: Credit Suisse
Citi Global Economic Surprise Index and Baltic Dry Index The divergence between the Baltic Dry Index and the Citi Global Economic Surprise Index could suggest that “global economy is likely to bottom soon.” Picture source: Nomura
Citigroup Economic Surprise Index vs. 10-Year Treasury Yield This chart shows a good correlation between Citigroup Economic Surprise Index and 10-year Treasury yield. Lower yields ahead? You may also like “For the Last Few Years, Equity Markets Have Been Leading Bond Markets.” Picture source: Yardeni Research, Inc.
