Services PMI Near Record Lows As Stocks Approach Record Highs

“A deterioration in the survey data for May deal a blow to hopes that the US economy will rebound in the second quarter after the dismal start to the year." -- Chris Williamsen at Markit, commenting on this data.

Correlation Between USDJPY Currency Pair and Stocks

This correlation between the Japanese Yen and stocks has been demonstrated for a very long time. Does the Bank of Japan control the US stock market? It sure looks like it!

Richmond Fed Contracts Most Ever Recorded

The drop in the last 2 months is the largest in the 23 year history of the survey.