US Macro Data Crashes Most In 7 Years – What Happens Next?

The last week or so has seen both ‘hard’ real economic data and ‘soft’ survey data disappoint notably.

This has sent the Citi Macro Surprise Index plunging to 5-month lows with its biggest drop since 2010.

The question is – what happens to the stock market next?

Of course, this is no surprise to bond traders…