With US Macro Surprise data in freefall throughout May, expectations were for Manufacturing sentiment surveys to slide (ISM extending its weakness and PMI confirming its flash dip).
The S&P CoreLogic Case-Shiller national home price index showed prices were up 20.6 percent in March compared with 12-months earlier. That is a faster pace than the 20 percent gain in February.
US Macro Surprise data slumped for the 5th straight week, back into negative territory at its weakest weekly close since Nov 2021…
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