It has been a torrid few sessions for investors, after a shocking plunge in the Philadelphia Fed survey yesterday afternoon triggered a mass sell-off in equity markets across the US and Europe (S&P -4.5%, Dow Jones -3.7%). The headline figure for the Philly Fed survey came out at -30.7 in August – a devastating drop from its +3.2 level in July, and compared to the consensus estimates looking for... ...More...


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