Is the soft-survey data about to start collapsing back to hard data reality?
Philly Fed survey headline data crashed to 11.9 – the lowest since Nov 2016 (before Trump’s election) – dramatically missing expectations of 22.0 (and well below the lowest economists’ forecast)…
Across the board it was a bloodbath of reality checks as new orders and employment and workweek plunged, shipments tumbled, inventories rose and prices paid (and received) actually fell.
via RSS https://ift.tt/2vMgHpq Tyler Durden