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Blokland’s daily sketch

Blokland’s daily sketch

14-06-2019

Negative surprises

  • Jeroen Blokland
    Jeroen
    Blokland
    Portfolio Manager

The Citi Economic Surprise Index for the US, which measures positive and negative surprises in macroeconomic data relative to the market, is falling. Macro surprises have thus been negative on average, suggesting lower-than-expected growth. This gives the Federal Reserve room to cut rates soon, something it is has little choice in given recent market developments. Overall, however, the outlook for US GDP growth remains reasonable, with the consumer side of the economy in particular holding up pretty well.

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As a senior portfolio manager I use charts to illustrate financial issues every day. I tweet my favorites as @jsblokland and was named 'one of the 50 most important people for investors to follow in 2018' by MarketWatch.
Previous editions of the daily sketch can be found on my personal financial markets blog. All graphics provided are collected from Bloomberg data and public websites. They do not always reflect my personal opinion and may also not necessarily reflect the opinion of Robeco. Please cite all references or quote the original source if replicating content.

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