With analysts expecting the Richmond Fed to print between 12 and 17, the -8 print was a 20 sigma event relative to expectations…… The internals were an unmitigated disaster, with the shipments index print of -25 was its lowest reading since April 2009
https://www.zerohedge.com/news/2018-12-26/us-economy-snaps-richmond-fed-plummets-most-record
