The main feature of the day was . . . it's sheer normality. Only three out of the 18 releases I track arrived more than a standard deviation away from consensus or trend.
And that's the important news of the day: after four months when even short-term data-forecasting became effectively impossible, we are beginning once again to get back to a present where multiple standard-deviation events are becoming the rarity they should be. And that means we're going to get a lot more clarity over the near-term future during the next few months. Thank goodness.
