Project Description


S&P500  -4.78% (3,041.31);   NASDAQ  -2.30% (9,588.81);   DJIA  -5.55% (25,605.54)


This week’s reports:

  • June’s Michigan Consumer Sentiment Index (prelim.) rose to 78.9 from May’s 72.3. The second straight monthly increase in sentiment was led by last week’s data showing an unexpected surge in hiring.
  • May’s NFIB Small Business Economic Optimism Index rose to 94.4 from April’s 90.9.
  • May’s CPI fell 0.1% m/m from April’s -0.8% m/m. Year-on-year, May’s inflation was +0.1% versus April’s +0.3% y/y. CPI ex Food & Energy (Core) rose 1.2% y/y versus April’s 1.4% y/y.        
  • April’s Wholesale Inventories rose 0.3% from March’s +0.4%.         
  • Initial Jobless Claims for the week ending June 6th fell by 355K to 1.542M, their tenth straight weekly decline. Continuing Jobless Claims for the week ending May 30th fell by 339K to 20.929M. Consensus expectations were for 20 million continuing claims.