The Dallas Fed Manufacturing survey soared – for the 6th straight month – to 24.5 in February (smashing expectations of a modest dip to 19.4). This is the highest since April 2006.
This is a 4 standard deviation beat of analysts’ expectations, well north of even the highest forecast.
Another soft survey ‘beat’ as hard data (core durable goods) misses.
As good as it gets?
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Author: Tyler Durden