Source: Growth from Knowledge German consumer sentiment is projected to improve in June following the record-low reading this month, but headwinds continued to risk further improvement. EWG is down 1.47%, while EZU is down 1.33%. Consumer sentiment is projected consumer sentiment to hit -26.0 in June, better than the revised record-low -26.6 this month and -8.6 in May … [Read more...] about German Consumer Sentiment Poised for Rebound in June
Best 5 Reddit Crypto Communities and What You Can Learn From Them
Reddit is one of the most influential social media platforms globally. It is a leading site that has over 330 million users from around the world. The firm was started by Alexis Ohanian and is also considering going public at a $15 billion valuation. If this happens, it will be one of the biggest publicly-traded social media companies in the US. In this article, we … [Read more...] about Best 5 Reddit Crypto Communities and What You Can Learn From Them
US Home Sales Fall for Fourth Straight Month as Prices Climb Further
Source: US Census Bureau New home sales in the United States declined for the fourth straight month in April, reflecting a double-digit monthly and annual decline. XHB is down 3.92%, while ITB fell 3.86%. New houses sold for the month stood at 591,000, indicating a 16.6% decline from the 709,000 in March and 26.9% lower than the 809,000 in April 2021.The South posted the … [Read more...] about US Home Sales Fall for Fourth Straight Month as Prices Climb Further
Fifth District Manufacturing Output Growth Falls to Four-Month Low
Source: Richmond Fed Manufacturing output in the Fifth District fell to negative territory in May, as shipments and new orders contracted during the period. QQQ is down 3.26%, while SPY is down 2.22%. The composite manufacturing index stood at -9 in May, lower than the 14 recorded in the previous month.The indexes for shipments declined to -16 and for new orders to -15 … [Read more...] about Fifth District Manufacturing Output Growth Falls to Four-Month Low
US Private Sector Growth Drops to Four-Month Low on Inflation, Weak Demand
Source: Markit Economics Private sector expansion in the United States slipped to a four-month low in May on the back of inflationary pressures and slower demand during the month. QQQ is down 3.35%, while SPY is down 2.12%. The Flash US PMI Composite Output Index was recorded at 53.8, lower than the 56.0 in the previous month.Manufacturers and providers attributed the … [Read more...] about US Private Sector Growth Drops to Four-Month Low on Inflation, Weak Demand
