RECOVERY: US Macro Crashes Near 1-Year Lows, February Running At 90% Data Miss Rate

US Macro

US Macro Crashes Near 1-Year Lows, February Running At 90% Data Miss Rate (ZeroHedge, Feb 24, 2015):

Despite this morning’s US Services PMI rise, US macro data is running at a 90% miss rate in February and Richmond Fed’s tumble from 6 to 0 (11mo lows) along with The Conference Board’s Consumer Confidence dropping the most since Oct 2013 merely confirm this trend. This is the biggest 4-month slump in Richmond Fed since 2010 as practically every sub index deteriorated. California, Florida and New York saw over consumer confidence collapse and Texas saw ‘present situation’ plunge. US Macro data is now nearing its lowest in a year…

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