BREAKING: The US Economic Surprise Index is up to 63.2 points, the highest since August 2023.
This index measures economic data relative to consensus estimates, turning positive when data beats estimates and negative when data misses.
This metric has risen +57.6 points since late April, posting the largest 7-week increase since Q1 2022.
The move comes amid stronger-than-expected jobs data, ISM Services PMI, factory orders, ADP employment, job openings, and ISM Manufacturing PMI.
The US Economic Surprise Index is now approaching the 79.6 peak recorded in July 2023, which would mark the highest level since the early 2021 pandemic recovery.
US economic data is crushing expectations.
@bitcoinjack Been short (In cash...ever since the "deepseek missile" and a certain trendline break.) Is it fair to say that Tether and MSTR in this environment also raises the risk profile?
@BigCheds If a rising 200 DMA is bullish, in theory if it pulled back to high $70ks for a retest and bounce, would we still be in a HTF bullish structure?