Citi's economic surprise index for the United States has dipped below zero as the data continuously points to a slowdown in the economy. Manufacturing PMI, non-manufacturing PMI, Non-farm payroll report, all points to a slowdown in the month of August.
The real question is whether this is a temporary phenomenon or beginning of a fresh slowdown in economic activity. Lot many indicators are pointing to the increased possibility of a recession ahead.
Chart courtesy - Soberlook.com


China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns




