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The US economy is growing at the fastest pace since April 2022.

That's according to new data from S&P Global releasedTuesday morning.

S&P Global's flash US composite PMI, which captures activity in both the services and manufacturing sectors, came in at 54.5 in May, up from 53.4 in April and better than the 53.0 that had been expected by economists. This marked a 13-month high for the index.

This increase was entirely driven by an uptick in the services sector. The services component of S&P's report showed the index registered 55.1 this month, up from 53.6 in April. Manufacturing activity, however, contracted in May with the index registering 48.5, the lowest in two months.

Any reading above 50 for these indexes represents expansion in the sector; readings below 50 indicate contraction.
08:20USDRedbook Index (YoY)(May 19) 1.5% --1.6%
08:45USDS&P Global Composite PMI(May) PREL 54.53.145053.4
08:45USDS&P Global Manufacturing PMI(May) PREL 48.5-1.385050.2
08:45USDS&P Global Services PMI(May) PREL 55.11.5252.653.6
09:00USDNew Home Sales (MoM)(Apr) 0.683M0.700.665M0.656M
09:00USDNew Home Sales Change (MoM)(Apr) 4.1% 0.183.3% 4%
09:00USDRichmond Fed Manufacturing Index(May) -15-0.85-10-10
 
mr.h said:
The US economy is growing at the fastest pace since April 2022.

That's according to new data from S&P Global releasedTuesday morning.

S&P Global's flash US composite PMI, which captures activity in both the services and manufacturing sectors, came in at 54.5 in May, up from 53.4 in April and better than the 53.0 that had been expected by economists. This marked a 13-month high for the index.

This increase was entirely driven by an uptick in the services sector. The services component of S&P's report showed the index registered 55.1 this month, up from 53.6 in April. Manufacturing activity, however, contracted in May with the index registering 48.5, the lowest in two months.

Any reading above 50 for these indexes represents expansion in the sector; readings below 50 indicate contraction.
08:20USDRedbook Index (YoY)(May 19)1.5% --1.6%
08:45USDS&P Global Composite PMI(May) PREL 54.53.145053.4
08:45USDS&P Global Manufacturing PMI(May) PREL 48.5-1.385050.2
08:45USDS&P Global Services PMI(May) PREL 55.11.5252.653.6
09:00USDNew Home Sales (MoM)(Apr)0.683M0.700.665M0.656M
09:00USDNew Home Sales Change (MoM)(Apr)4.1% 0.183.3%4%
09:00USDRichmond Fed Manufacturing Index(May)-15-0.85-10-10
Click to expand...
What are you talking about? We are in a recession!!!
 
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mr.h said:
The Service sector is expanding. Any indicator over 50 shows an increase. Manufacturing is contracting.
Click to expand...

He was kidding. But the macro issue is that the Fed is looking for reasons to pause, and today's services and housing data is counter productive.
 
Another weight loss drug..Phizer + 2.75%
I have a friend who works for NVO and they have a supply problem.
 
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I believe Biden is waiting for a straight up and down vote in the House. He only needs 5 Republicans.
It will come down to that.…imo
 
THANK YOU AI!!

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DISH up almost 15% on rumors of possibly offering wireless plans on Amazon. I would imagine if plan doesn't happen, prices will drop dramatically.
 
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08:30USDDurable Goods Orders ex Defense(Apr) -0.6% -0.170.1% 3.2%
08:30USDDurable Goods Orders ex Transportation(Apr) -0.2% -0.32-0.1% 0.3%
08:30USDGoods Trade Balance(Apr) PREL $-96.8B-3.94$-85.7B$-86.6B
08:30USDNondefense Capital Goods Orders ex Aircraft(Apr) 1.4% 3.56-0.2% -0.6%
08:30USDPersonal Consumption Expenditures - Price Index (MoM)(Apr) 0.4% 00.4% 0.1%
08:30USDPersonal Consumption Expenditures - Price Index (YoY)(Apr) 4.4% 1.483.9% 4.2%
08:30USDPersonal Income (MoM)(Apr) 0.4% 00.4% 0.3%
08:30USDPersonal Spending(Apr) 0.8% 1.710.4% 0.1%
08:30USDWholesale Inventories(Apr) PREL -0.2% -1.470% 0%
10:00USDMichigan Consumer Sentiment Index(May) TRADE NOW59.20.6157.757.7
10:00USDUoM 5-year Consumer Inflation Expectation(May) 3.1% --3.2%
Durable goods orders down
Personal consumption yoy up
personal spending up
Michigan consumer sentiment up
 
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Debt ceiling agreement, but both parties are unhappy, which is good. Hopefully we get it passed and the market continues its uptrend.
 
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