China's "National Team" Dumped ETFs In Q1 To Cool Overheating Market

US Existing Home Sales Unexpectedly Jumped In May, Inventories Surge With the Spring selling season in tatters, existing home sales were expected to rebound in May very modestly (+1.1% MoM) off recent record lows, but instead they outperformed, rising at 3.2% MoM (and April's 0.2% MoM rise was revised higher to a +0.7% MoM rise). That lifted existing home sales up 3.22% YoY - the strongest since September 2025... Source: Bloomberg That beat lifted existing home sales SAAR to its highest level of the year (but not exactly signaling a trend)... Source: Bloomberg “More Americans...

Southern Co. Electricity Sales Soar On 42% Data Center Growth By Diana DiGangi of UtilityDive, The company has 28 large load projects representing 11 GW under contract, and Georgia Power’s first-quarter capital expenditures increased year over year from $1.6 billion to $2 billion. Southern Company reported 2.3% year-over-year growth in retail electricity sales across its utilities for the first quarter of this year, driven predominantly by data centers. Overall, data centers used 42% more power compared to the first quarter of 2025, according to company officials and Southern’s quarterly report to the Securities and Exchange...

Consumer Credit Grows Less Than Expected On Subdued Credit Card Usage While the monthly jobs report has become a veritable economic random number generator, with every monthly print coming either well below or above the forecast stack, the weekly initial claims report has become its foil - a study in boring reporting, with numbers barely budging week to week, and usually falling right on top of Wall Street estimates. A similar dynamic is emerging for the monthly consumer credit report: following a volatile 2025, when revolving credit swung around wildly...