The week was full of economic numbers released for May and it was a mixed bag with surprises both negative and positive. Unemployment claims remain stubbornly high at 1.48 million when it was expected to drop 1.38 million from 1.51 million the week before. All these numbers are extremely high so keep it in perspective. They are all bad.
Durable good orders jumped up 15.8% from a shrinkage of 18.1% the month before. It was expected to be up 10.38%. That was a very pleasant surprise.