Markets in a Minute - 80 Years Later

Insights | Markets in a Minute - 80 Years Later

Author: Zac Martin, Investment Associate

Week Ending June 7th – 80 Years Later

  • JOLTS report for April continued to decrease and negatively surprised analyst expectations. The largest increase for Hires was in manufacturing, with the largest decrease being in Arts & Entertainment. The March report was revised lower with Hires and Quits revising higher.
  • Non-Farm Payrolls for May positively surprised analysts with the economy adding 272k Jobs. Meanwhile the Unemployment rate ticked higher to 4.0%.  
  • ISM Manufacturing PMI slid down in May due to contracting New Orders and rising Prices. The biggest positive was employment.
  • ISM Services PMI grew in May with an increase in Business Activity and New Export Orders.

The week ahead: 

  • Consumer Price Index (6/12)
  • FOMC Meeting (6/12 @ 2pm)
  • Producer Price Index (6/13)
  • Earnings: ORCL (6/11), AVGO (6/12), ADBE (6/13)

HORAN Capital Advisors, LLC is an SEC registered investment advisor. The information herein has been obtained from sources believed to be reliable but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results. Market conditions can vary widely over time and there is always the potential of losing money when investing in securities. HCA and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.