US Economy "Surprising" To The Downside Over The Last 7 Weeks

While the headline payroll number this morning beat consensus (a funky report overall that was obviously affected by weather), over the past seven weeks the economic reports out of the United States have been underwhelming to say the least judging by the Citi Economic Surprise Index. The Developed Markets index is now solidly negative for the first time since last summer as well. However, on a positive note, the Emerging Market index is near 2-year highs and is "plus" territory once again.