Record Gap Between Hard And Soft Economic DataRupert Hargreaves
Since the end of last year, US business sentiment data has improved dramatically off the back of heightened business optimism. Expectations surrounding Donald Trump’s proposed regulation bonfire and corporate tax cuts has pushed so-called soft (sentiment) data in the US to an all-time high.
However, while the soft data appears to show a bright outlook for US businesses’ the hard data (quantifiable) shows a different picture altogether, as Goldman recently pointed out as well.
Economic Data - - Divergence Between Hard . . .
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