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(US) Citi Mid-Oct Economic Surprise Index rises to 14.3 (highest since Apr) **Note: Citi Economic Surprise Index reached +40 in mid-Apr 2024, but since then, made another sharp turnaround. (More at https://t.co/eaPq2dl2qC)
🇺🇸 Citi Economic Surprise index kept rising in positive territory, hitting highest since April - Bloomberg https://t.co/NhKmyU985U
The Citi U.S. Economic Surprise Index is at its highest since the end of April https://t.co/y8G9WLskpq
The Citigroup Economic Surprise Index has ventured further into positive territory, marking its highest level since April. This development follows one of the longest streaks in history in negative territory. Historically, similar precedents have seen the S&P 500 rise in all but one case over the subsequent year. As of mid-October, the index has risen to 14.3, a significant turnaround from its previous high of +40 in mid-April 2024, according to Bloomberg.
