The warning signs continue to mount. Yet the US economy continues to defy expectations in some quarters that a recession is near. Granted, it’s arguably a precarious expansion that’s vulnerable on several fronts. But for the moment, in the face of seemingly overwhelming odds, a positive macro trend endures and that looks set to continue.

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* House set to vote on debt-ceiling deal after it clears key committee
* China’s manufacturing sector contracts for second month in May via survey data
* Index funds have become tech-heavy growth funds
* Texas, a leader in wind energy, is turning against its green-energy industry
* Orders continue to slide for Texas manufacturing sector in May
* US home prices rise in March after falling for seven months
* US consumer confidence eases to 6-month low in May:

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