Coldwater Global Shocks & Surprises Index

Here's the Coldwater Global Shocks & Surprises Index for data up to 11th April.

The index summarizes information from approximately 450 separate datapoints from the US and major economies in Europe and Asia.  In each case, only those datapoints falling more than one standard deviation away from either consensus or trend are included.  The indexes are calculated by assuming that over time there is normal distribution of shocks and surprises, and so the indexes themselves represent how far from 'normal' the current dataflow is, expressed in standard deviations.