Joshua M Brown

Citi Economic Surprise Index Breaks Out, Stocks Follow

Here’s LPL Research’s Burt White and Jeffrey Buchbinder with an important breakout not many people are discussing – US economic data is now surprising to the upside, after a year and a half of negatively-skewed reports… The Citigroup Economic Surprise Index, or CESI, tracks how economic data are faring relative to expectations. The index rises when economic…

Chart o’ the Day: Low Rates are Killing Mutual Fund Performance

Earlier this morning, we looked at the most recent SPIVA data on five years’ worth of mutual fund performance. It wasn’t pretty. In a new research note, Deutsche Bank looks at what it calls The Great Divide. It’s a musing on the idea that mutual fund flows are being driven almost entirely by Fed policy –…