New Study of Surprise Indexes Shows Surprising Results
ECRI
December 22, 2009
(ECRI) - Financial markets pay close attention to key macroeconomic data releases for insights into the future direction of the economy. Unexpectedly high or low readings in these measures tend to elicit significant market reactions, as they are interpreted to indicate higher or lower growth and inflation. Because the so-called surprise indexes provide summary measures to gauge the degree of economic and earnings data surprise compared with consensus estimates, they are often monitored by analysts. In that context, ECRI’s new study of the usefulness of such surprise indexes reveals surprising results.
This information is excerpted from a full report issued on December 17, 2009 to Professional members. For information on how to receive ECRI's professional services click this link.
Now that the value of information has gotten to be about zero, there's an overload, and I think what's gonna be the end result is the value of expertise is gonna go to infinity. Because it's harder and harder for people to digest all these inputs, let alone make sense out of them, let alone translate them into investment decisions.
- Wilbur Ross, CNBC, Dec. 1, 2009
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