Project Description



S&P500  +0.02%(2,779.66); NASDAQ  +1.32% (7,746.38); DJIA  -0.89% (25,090.48)


This week’s reports:

  • June’s Michigan Consumer Sentiment Index (prelim.) surged to 99.3 from May’s 98.0.
  • May’s CPI rose 2.8% y/y, its fastest since 2012, versus April’s 2.5% y/y. CPI Ex Food & Energy rose 2.2% y/y versus April’s 2.1% y/y.
  • May’s Retail Sales jumped 0.8%, the biggest increase since November, from April’s +0.4%. Retail Sales ex Autos surged 0.9% from April’s +0.6%.
  • April’s Business Inventories rose 0.3% from March’s -0.1%.
  • June’s NY Empire State Manufacturing Index rose to 25.0 from May’s 20.1.
  • May’s Industrial Production fell 0.1% from April’s +0.9%. Capacity Utilization fell to 77.9% from April’s 78.1%.
  • Initial Jobless Claims for the week ending June 8th fell by 4K to 218K. Continuing Jobless Claims for the week ending June 1st fell by 49K to 1,697K.


  • US stocks ended the week mixed, with the DJIA index posting its biggest one-week slide since March, as mounting fears over a potential trade war sent shares of industrial firms lower. The US and China unveiled plans Friday to hit each other with tariffs on billions of dollars in goods.
  • The Federal Reserve raised its policy rate for the second time this year, by 0.25% to 1.75%-2% range, amid rising inflation and the lowest US jobless rate in nearly two decades. The Fed also signaled that there would be two more increases in 2018.


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