Good & Bad For The Week

Byaaronmat-admin
Good:

  1. Existing home sales rose 5.1% in May to 5.35 million beating estimates for a gain of 5.26 million
  2. New home sales rose 2.2% in May and hit their highest level since February 2008. New home sales rose to 546k from an upwardly revised 534k and beat estimates for 525k
  3. The Richmond Fed Manufacturing Index came in at 6, higher than the last reading of 1
  4. Jobless claims came in at 271k, beating estimates for 273k.
  5. Consumer Sentiment rose to 96.1, beating estimates for 94.6

Bad:

  1. Q1 GDP contracted by -0.2%, matching estimates, with the Fed keeping rates at 0%
  2. Durable goods slid -1.8% in May, missing estimates for a decline of -0.5%
  3. The FHFA Housing Price Index rose 0.3%, missing estimates for a gain of 0.4%
  4. The PMI manufacturing index came in at 53.4, missing estimates for 54.2
  5. PMI Service Index fell to 54.8, missing estimates for 56.5
  6. Kansas City Manufacturing Index remained in negative territory at -9