M Notes: Mon, 6-1
| Week Close: 5-29-26 | + (-) | % | May % | |
|---|---|---|---|---|
| Dow | 51,032 | +452 | +0.9% | +2.8% |
| S&P | 7,580 | +107 | +1.4% | +5.1% |
| Nasdaq | 26,973 | +629 | +2.4% | +8.4% |
| R2000 | 2,919 | +50 | +1.7% | +4.3% |
| 10-year | 4.45 | -0.11 | -2.4% | +1.8% |
| Oil | 87.36 | -9.64 | -9.9% | -17.1% |
LAST WEEK:
Markets: Lots of Flowers in May. New Market highs.
S&P roller coaster last week: Holiday, Up, Flat, Up, and Up.
Durable Goods: April DG number was up +7.9% (the consensus was for +2.8%).
Fed Balance Sheet: $6.704 Trillion. Down $10 Billion last week.
GDP: The first read on Q1 GDP came in at +1.6%.
Holiday: Markets were closed last Monday, in observance of the Memorial Day holiday.
Housing: New Home Sales were down -6.2% in April, and were down -11.3% Y/Y. Two weeks ago, Starts were down -2.8% in April, but were up +4.6% Y/Y.
Inflation: The PCE is the Inflation metric the Fed watches the most. It rose from +3.5% up to +3.8% Y/Y.
Metals: Gold finished the week at $4,593. Silver finished the week at $76.
National Debt: $39.315 Trillion.
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THIS WEEK:
Focus of the week: Jobs and Unemployment. The May Jobs number is expected to come in around 85,000 jobs. The Unemployment number is expected to remain at 4.3%. Both numbers come out Friday morning.
Calendar: ISM Manufacturing index (Mon); ISM Services index (Wed); and the new Jobs & Unemployment numbers (Fri).
* The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. Yahoo! Finance, the Wall Street Journal, Investor’s Business Daily and Barron’s are several of the sources used for financial information.
* The National Debt figure comes from usdebtclock.org.
* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Consult your financial professional before making any investment decision. You cannot invest directly in an index. Past performance does not guarantee future results. No strategy can assure a profit or protect against a loss. Investments in the securities markets involve risk, such as loss of your principal.