Services and Manufacturing Both Contracted in May
Manufacturing PMIs fell from 48.7 to 48.5 in May (anything below 50 signals a contraction), for the 4th straight monthly decline. Only 7 of 18 manufacturing industries reported growth for the...
Manufacturing PMIs fell from 48.7 to 48.5 in May (anything below 50 signals a contraction), for the 4th straight monthly decline. Only 7 of 18 manufacturing industries reported growth for the...
The US Dollar Index is bottoming – check. It moved to a super-strong combination of long-term support levels – double check. The USDX declined after Trump’s comments just like it had declined in...
It’s Jobs Week. Yesterday was the release of job openings and labor turnover for April. Tomorrow is the unemployment insurance claims for the last week of May, and Friday is the employment report for...
Asian Market Wrap Asian equities broke a four-day losing streak as markets drew some optimism from positive US labor data. The labor data appeared to soothe market concerns around a global slowdown,...
The following commentary is from Redfin (NASDAQ:RDFN): “There are 34% more sellers in the market than buyers. At no other point in records dating back to 2013 have sellers outnumbered buyers this...
Digital Money was the title of TBAC’s April 30, 2025, presentation to the U.S. Treasury Department, and an important topic worth discussing. TBAC, short for the Treasury Borrowing Advisory Committee,...
Dollar rebounds on hopes of Trump-Xi call Data points to labor market weakness ahead of Friday’s NFP Eurozone CPI slows ahead of ECB, BoC set to stand pat Stocks gain, gold retreats, oil advances on...
