Big Taper, Bad Data, & Buyback Bonanza Sparks Buying Frenzy In Bonds & Stocks The markets took on a Dickensian dimension this week as while "it was the worst of times (for economic data), it was the best of times (for stocks)" The US Macro Surprise Index continued its serial disappointment plunge into the red - the weakest since Feb 2023 (not helped at all by today's payrolls miss) Source: Bloomberg With growth data plunging while inflation data soared Source: Bloomberg Bad... Read this story
