Extending the trend of strong soft survey data, Empire Fed Manufacturing surged to its highest since September 2014 in February as Prices Paid led a surge across every sub-component. However, after spiking to its highest since 2011, 'hope' tumbled in February - its biggest drop in over a year.
Soft survey data is soaring.
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But hope faded in Feb... by the most since Jan 2016
Notably, as @Not_Jim_Cramer details, this print - the first of February - implies a very strong ISM print of 54...
