Nothing surprises us anymore | FT Alphaville

A h/t to Mark Dow for the spot. That’s Citi’s US Economic Surprise Index threatening to turn negative after a decent run in positive territory.

Mark said on his blog:

Remember, a positive reading of the Index suggests that economic releases have been, on balance, beating consensus. So a lower positive number means less positive surprise. It doesn’t mean negative surprise until it crosses zero. 

We’re approaching zero pretty fast.

Nothing surprises us anymore | FT Alphaville