M Notes: Tue, 5-27
| Weekly Close: 5-23-25 | + (-) | % | |
|---|---|---|---|
| Dow30 | 40,603 | -1,052 | -2.5% |
| S&P500 | 5,803 | -155 | -2.6% |
| Nasdaq | 18,737 | -474 | -2.5% |
| 10-year | 4.51 | +0.06 | +1.3% |
| Oil | 61.71 | -0.78 | -1.2% |
LAST WEEK:
Markets: With concerns over new Tariffs (iPhones and the EU), Markets dropped a bit last week.
S&P roller coaster last week: Up, Down, Down significantly, Down a touch, and Down.
Fed Balance Sheet: $6.689 Trillion.
Housing: New home sales were up +10.9% in April, and were up +3.3% Y/Y. Existing home sales were down -0.5% in April, and were down -2.0% Y/Y. Two weeks ago Housing Starts went up +1.6% in April, but were down -1.7% Y/Y.
Jobless claims: The weekly number came in at 227,000. The four-week average came in at 232,000.
National Debt: $36.898 Trillion. (It’s going up about $29 Billion/week.)
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THIS WEEK:
Focus of the week: The Personal Consumption & Expenditures index (the PCE) is the Inflation metric the Fed focuses on. The April PCE is expected to drop from 2.3% down to 2.1% Y/Y.
Calendar: Holiday (Mon); Durable Goods Orders (Tue); Fed Minutes (Wed); GDP, jobless claims (Thu), and the PCE (Fri).
Earnings: The current season is winding down. Some of the companies reporting this week: Costco, Dell, Nvidia, Royal Bank of Canada, and Salesforce.* 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.