Daily Archives: May 27, 2015 at 07:40 am EDT

A Mild Improvement For The US Macro Trend In May… So Far

How’s that second-quarter rebound working out for the US? It’s still a shaky affair, but there are signs that the macro trend has strengthened a bit, based on a preliminary review of sentiment indicators for May. At the very least, the latest numbers suggest that that the US isn’t slipping into a recession. Growth is still weak, but to the extent that we can discern a bias in the big-picture change for the current month vs. April, the comparison is positive overall via the latest round of numbers.
Continue reading

Initial Guidance | 27 May 2015

● New Home Sales In US Rise 6% in April After Decline in March | NY Times
● US Home prices rose faster than expected in March | USA Today
● US service sector business activity expands at a slower pace in May | Markit
● The Conference Board US Consumer Confidence Index Increases In May | CB
● German consumer sentiment set to rise in June: GfK | MarketWatch
● UK Retailers See Strong Growth In Sales In June: CBI | RTT