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2014 Is Now The Worst Year For US Macro Data Performance Since 2008

Tyler Durden's picture




 

Once again the cyclical patterns in US macro data are re-emerging as extrapolated hopes fade into mean-reverting credit-impulse-hangover-driven realities. Despite all the hopes and dreams of escape velocity, cleanest-dirty-shirt-wearing economic enthusiasts, year-to-date performance of Citi's US Macro Surprise index is at its lowest level since 2008.

 

The worst performing US Macro data since 2008...

 

Whether this is absolute weakness or relative weakness (versus yet more over-enthusiastic expectations) is unclear though, the Midterm election results and NFR Black Friday spending data may be a hint.

 

Charts: Bloomberg

 

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Mon, 12/01/2014 - 22:36 | 5507163 mtndds
mtndds's picture

Bullish!!

Mon, 12/01/2014 - 22:42 | 5507182 TheRideNeverEnds
TheRideNeverEnds's picture

indeed, remember what happened after 2008(ish)?  We rallied for several years and several hundred percent, for all intents and purposes the market went straight up.  

Mon, 12/01/2014 - 22:58 | 5507225 Oldwood
Oldwood's picture

And its not even over yet!

Mon, 12/01/2014 - 23:05 | 5507249 TeamDepends
TeamDepends's picture

Welcome to Keynesland!

Tue, 12/02/2014 - 00:38 | 5507472 El Oregonian
El Oregonian's picture

Said in Hillary-esqe fashion:

"The Dollar is dead, what difference does it make!"

Tue, 12/02/2014 - 06:51 | 5507815 JamesBond
JamesBond's picture

MarketWatch says, "Buy, Buy, Buy!"

 

 

 

Mon, 12/01/2014 - 23:05 | 5507252 KnuckleDragger-X
KnuckleDragger-X's picture

Yep and the 4th quarter is going to be wonderful. Sooner or later Joe Average is going to notice that the ship of state is taking on a lot of water. I'm figuring Feb. will be the magic month.

Mon, 12/01/2014 - 23:29 | 5507328 ejmoosa
ejmoosa's picture

Bullishit!!

Mon, 12/01/2014 - 22:37 | 5507166 disabledvet
disabledvet's picture

Sucks to be a hedge fund.

Weather trading doesn't seem so good this year either.

That's with all the flaring.

Mon, 12/01/2014 - 22:37 | 5507167 FieldingMellish
FieldingMellish's picture

All time highs...

Mon, 12/01/2014 - 22:37 | 5507170 ebworthen
ebworthen's picture

I wonder when the official "crash it and clean the sheeple's chips off the table, again" is scheduled for?

Mon, 12/01/2014 - 23:00 | 5507239 Oldwood
Oldwood's picture

Depends. Do they have it all yet? I know they don't have mine but I'm sure they are working on a way to get it. I figure they have been running the markets up for no other reason that to suck the "money on the sidelines" in. I assume it will all fall down once they figure they have got their hands on everything they can reasonably expect to obtain.

Mon, 12/01/2014 - 22:43 | 5507185 NoDebt
NoDebt's picture

Can this affect the price of my stawks?

Mon, 12/01/2014 - 23:00 | 5507240 spinone
spinone's picture

Nope

Mon, 12/01/2014 - 23:23 | 5507310 NoDebt
NoDebt's picture

Thanks.  I was worried there for a minute.

Tue, 12/02/2014 - 06:48 | 5507813 El Hosel
El Hosel's picture

Remember Grasshopper, bad economic data is the mothers milk of financial engineering and ZIRP. Those STAWKS are going to love the recession.

Mon, 12/01/2014 - 23:51 | 5507336 himaroid
Tue, 12/02/2014 - 02:08 | 5507613 polo007
polo007's picture

 http://www.cbc.ca/player/News/Business/ID/2623085441/

The Exchange with Amanda Lang | Dec 1, 2014 | 7:30

Crude and currency

Economist Jim Rickards weighs in on the impact of low oil prices on currencies

Tue, 12/02/2014 - 03:05 | 5507670 starman
starman's picture

Imagine being a pig. You are slautered choped up cooked up then stuffed back in to your intestents! 

Sweat dreams.

 

Tue, 12/02/2014 - 05:49 | 5507787 IronShield
IronShield's picture

Yeah, but THIS time is DIFFERENT.  Stick to the script.

Tue, 12/02/2014 - 06:27 | 5507805 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

But the market, the market!

I saw this movie once, with Robert Redford and Paul Newman. It was pretty good.

Tue, 12/02/2014 - 06:37 | 5507810 El Hosel
El Hosel's picture

... Good thing bad news is good news for "the Market".

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