Good & Bad For The Week

Byaaronmat-admin

Good: 

  • Major indices remain perched (1-3%) below record and 2015 highs
  • U.S. small business confidence rose to a five-month high in May of 98.3, the highest since December
  • Weekly mortgage applications jumped 8.4%
  • Retail sales rose 1.2%, beating estimates for 1.1%

 

Bad:

  • German DAX fell 10% from its recent high and officially entered correction territory 
  • Chinese imports and exports fell which is a drag on the global economy
  • China said consumer and producer prices both fell and missed estimates last month. That suggests deflation is more of a threat than inflation as their economy soften
  • New Zealand’s Central Bank was forced to cut rates to stimulate their economy