This page has been archived and commenting is disabled.
US Macro Crashes Near 1-Year Lows, February Running At 90% Data Miss Rate
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...
Consumer Confidence slumps...
and Richmond Fed sees biggest 4 month drop since 2010
February...
MISS
- Personal Spending
- Construction Spending
- ISM New York
- Factory Orders
- Ward's Domestic Vehicle Sales
- ADP Employment
- Challenger Job Cuts
- Initial Jobless Claims
- Nonfarm Productivity
- Trade Balance
- Unemployment Rate
- Labor Market Conditions Index
- NFIB Small Business Optimism
- Wholesale Inventories
- Wholesale Sales
- IBD Economic Optimism
- Mortgage Apps
- Retail Sales
- Bloomberg Consumer Comfort
- Business Inventories
- UMich Consumer Sentiment
- Empire Manufacturing
- NAHB Homebuilder Confidence
- Housing Starts
- Building Permits
- PPI
- Industrial Production
- Capacity Utilization
- Manufacturing Production
- Dallas Fed
- Chicago Fed NAI
- Existing Home Sales
- Consumer Confidence
- Richmond Fed
BEAT
- Personal Income
- Nonfarm Payrolls
- JOLTS
- Markit Services PMI
- Case-Shiller Home Price
* * *
But apart from that, everything is awesome.
Charts: Bloomberg
»
- 6486 reads
- Printer-friendly version
- Send to friend
- advertisements -
And lumber being taken to the woodshed today. Down 3% and near 2 year lows.
lumber is still ridiculously expensive.
Zero Hedge has recovered from a serious error. Would you like to report the problem to Microsoft?
Site went bye-bye for about 15 minutes.
I think we need a congressional hearing to get to the root of the problem.
I think we need a discussion to explore the possiblity of a sub commite being formed to advise on whether a meet and great can be held to gauge opinions on what font should be used on the name cards at a gathering to agree on the date to propose a congressional hearing.
There fixed it for you.
I get this..well..more often than any other site i visit.
Errors..or 'down for maintenance'... then comes back to life 2 seconds later. That's alot of maintenance. .and quick too..
:/
The forum software is written in Fedspeak, minor errors like the site crashing are features not bugs...
Lumber has been high since, Iraq Freedom under Bush 2.0.
That news will make Pete Nelson happy...tree houses for everybody!
"Everything is AWESOME...."
No worries. The mysterious Michigan CC index will soon be out to tell us that consumer exuberance is at an unprecedented all time high not seen since the fall of Rome.
It's not slumping. It's just.... resting.
Its pining for the fjords....
It's an ex-economy.
Rally!
Consumers are racist. They should BTFD and stop questioning Obamanomics.
I still want to know why the US Consumer was so Confident in January?
Doesn't matter as the market will continue to be talked up and bad news will be good news.
What's the source of the US Macro chart? Not doubting the validity, just wondering what you plug in to find it?
Something magical must have happened in second half 2014.
Yellen farted out some fairy dust all over the NY Stock exchange.
In October the "market" was taking notice of reality.
But that can never be allowed to happen so the Frauderal Conservers for Rich stepped in yet again
Everything is so fucking awesome I can barley stand it....(Howard Dean Scream)
I'm not altogether sure why this type of information continues to be published since it is irrelevant. No matter how ugly it gets, nothing in the markets will change. Long Live the BTFATH!! Don't you folks realize that everyone who thinks the markets will crash have been writing the same sort of comments now for 3 or 4 years? The markets will not crash as long as the Fed maintains a ZIRP position. There will be no meaningful change in that position since it would instantly destroy the facade of a recovery, therefore there will be no crash. The only thing that will change that is a total overthrow of the US government and a removal of the Fed starting over from scratch. The sheeple won't do that.
Relax, go long on vaseline.
yep. The only chart with an upward trend equal to the stock market is the enforcer violence scale.
The number of innocents shot by cops. murder by cop, taser by cop, bitch slaps, beatings, thuggery, theft by badge, prostitutes in judicial quarters, drunken coke snorting cunt licking parties in congress, and more laws and regulations passed by the real tyrant leaders of amerika, bankers and corporations.
Yep, that chart is tracking right along with the S&P, unabated and ever upward.
My confidence has crashed to an all week low and despite self induced heavy sedation still find myself 10 fold more alert than MAIN STREET.
How does one arrive at this permanent comatose plateau that the plebs appear to enjoy?
Macro massacre - and Yellen wants to rise rates?
Yellen will raise the rates shortly after the Vatican announces that the pope is pregnant.
Don't hold your breath.
This absolutely confirms Yellen knows what she's doing
Now let's all just relax