Citi Economic Surprise Index

For U.S. EU and G-10 short term peak appears to have been reached trend is Lower over last 2 months or so.Horz lines indicate roughly the peak in U.S. and G-10

U.S. Misery index is Inflation plus unemployment from BLS ” The US Misery Index is released by the Bureau of Labor Statistics. This metric is calculated by adding the US inflation rate and the US unemployment rate and Further from Wikipedia “The index helps determine how the average citizen is doing economically and it is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation create economic and social costs for a country”

Red zone=recessions

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