The Economy Is Beating Forecasts Again
–The U.S. economy is outpacing expectations for the first time since April. What that means for the stock rally is a matter of debate.
Citigroup U.S. Economic Surprise Index, a widely-used tool used to gauge how economic data matches up to expectations, has risen to its highest level since April in recent weeks. As The Wall Street Journal’s Morning MoneyBeat newsletter noted Tuesday, a number of better-than-expected readings on the economy–from third-quarter gross-domestic product to manufacturing activity–helped pull the index out of negative territory in October for the first time since spring.
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