Though negative surprises in the U.S. reflect sentiment indicators in a near-extreme disconnect from hard data, if the hard data continues the uptrend recovery channels, sentiment indicators will catch back up, believes Deutsche Bank. Binky Chadha and team at Deutsche Bank highlight some features of US. macro data surprises, disconnects and underlying trends in their research note dated Oct. 99 titled: “The Growth Slowdown: Surprises, Disconnects and Trends.”
U.S. sentiment indicators: Data turned negative in July
Chadha and colleagues point out that the U.S. has led the global recovery over the last few years:
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