REAL ESTATE NEWS
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WEEK AHEAD
Wall Street takes a breather, but bear market looms
Wall Street was poised for some relief Monday, with the major U.S. indexes moving higher in morning trading after last week’s dizzying volatility. But the global and economic undercurrents that have roiled markets for weeks show no signs of abating. The Dow Jones industrial average jumped more than 660 points, the broader S&P 500 advanced 1.7 percent, while the Nasdaq gained 1 percent. The S&P 500 remains on the precipice of a bear market — defined as falling 20 percent from a recent high.
DATA DECK FOR May 23 - May 27
| DATE | REPORT | IMPACT | FORECAST | PREVIOUS |
| May 24 | Flash Services PMI | Medium | 55.4 | 54.7 |
| May 24 | Flash Manufacturing PMI | Medium | 57.9 | 59.7 |
| May 24 | Richmond Manufacturing Index | Low | 12 | 14 |
| May 24 | New Home Sales | Low | 750K | 763K |
| May 25 | Core Durable Goods Orders m/m | Medium | 0.6% | 1.1% |
| May 25 | Durable Goods Orders m/m | Medium | 0.6% | 0.8% |
| May 25 | Crude Oil Inventories | Low | -3.4M | |
| May 26 | Unemployment Claims | Medium | 210K | 218K |
| May 26 | Prelim GDP q/q | High | -1.3% | -1.4% |
| May 26 | Prelim GDP Price Index q/q | Low | 8.0% | 8.0% |
| May 26 | Pending Home Sales m/m | Medium | -1.9% | -1.2% |
| May 26 | Natural Gas Storage | Low | 89B | |
| May 27 | Prelim Wholesale Inventories m/m | Low | 2.0% | 2.3% |
| May 27 | Core PCE Price Index m/m | High | 0.3% | 0.3% |
| May 27 | Personal Spending m/m | Low | 0.6% | 1.1% |
| May 27 | Personal Income m/m | Low | 0.5% | 0.5% |
| May 27 | Goods Trade Balance | Low | -114.8B | -125.3B |
| May 27 | Revised UoM Inflation Expectations | Low | 5.4% | |
| May 27 | Revised UoM Consumer Sentiment | Medium | 59.1 | 59.1 |