Market Participants: Surprise Index and u.s

market participants: These bearish market participants say the relentless drop in U.S. Treasury yields this year did not reflect the economy's resilience to the global economic growth slowdown, according to Market Watch. The U.S. economic foundation is still intact. When investors come to realize forecasts for data to worsen are overdone, government bonds may sell off, according to some analysts. Underlying fundamentals suggest the U.S. economy is still running at a 2% pace, Lindsay Bernum, global macro analyst at Smith Capital Investors, told Market Watch. The economic surprise index calculates how much economic data has exceeded or fallen below analyst consensus estimates. The U.S. Citi Economic Surprise Index stood at a positive reading of 44.7 as of Sept. 23, around its highest reading since April 2018, from a reading of negative 68.3 in late June, Fact Set data shows. (news.financializer.com). As reported in the news.