Philly Fed Explodes To 33-Year Highs – A 10-Standard-Deviation Beat

Against expectations of a 18.0 print, February's Philly Fed exploded higher to 43.3 – the highest since January 1984. This is a 10-standard-deviation beat, led by a surge in new orders and the workweek, despite a decline in 'hope' and the number of employees.

Everything is Awesome America… especially in Philapdelphia?


For context, that is a 10-sigma event…


But 'hope' declined…


And as the full breakdown shows, the number of employees declined, as did inventories and prices received.


Is this as good as it gets?

via Read More Here..


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