Kingsbarn Capital & Development
Managed-Direct Ownership
REAL ESTATE NEWS
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