Citi U.S. Economic Surprise Index vs. S&P 500 12-Month Earnings Surprise Chart suggesting that second quarter earnings could surprise to the upside. Image: Morgan Stanley Research
U.S. IG Credit Spread and S&P 500 vs. Citi U.S. Economic Surprise Index Chart suggesting that since mid-May, the rally has been driven by positive macroeconomic factors. Image: BofA Global Research
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 The Citi Economic Surprise Index for the US has turned sharply lower and highlights the economic impacts of the coronavirus pandemic. Image: The Daily Shot – The Wall Street Journal
Citi Economic Surprise Indexes Most US economic data is coming in ahead of expectations. Image: Gavekal, Macrobond
Correlation – Euro Equities and Economic Surprise The correlation between euro equities and economic surprise has diverged recently. Image: Oxford Economics
City Economic Surprise Index – U.S. Economy vs. Global Economy Nice chart showing that the U.S. relative economic outperformance. Image: Quill Intelligence, LLC
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