Today’s Data Releases Support Our Assessment

This morning’s two soft (sentiment) data releases speak to our current assessment of general conditions:

Consumer data is holding up nicely: The Conference Board’s May Consumer Confidence Survey came in at a strong reading of 134.1, versus a consensus among economists estimate of 129.2.


Industrial data isn’t: The Dallas Fed’s May Manufacturing Survey came in at a very weak -5, versus a consensus among economists estimate of +6.

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