Futures Flat At All Time Highs Ahead Of Huge Week, Semis Set For 19th Day Of Gains

Conference Board Confidence Unexpectedly Jumps To Highest In 2026 Despite war (and rising gas prices) now fully embedded in respondents' minds, it is perhaps surprising that The Conference Board's Consumer Confidence rose considerably more than expected to 92.8 in April (89.0 exp) from an upwardly revised 92.2. Present Situation dipped very modestly from 124.1 to 123.8 (120.1 exp) while Expectations rose from 71.0 to 72.2 (69.2 exp) Source: Bloomberg That is the highest headline print in 2026. “Consumer appraisals of current and expected business conditions declined moderately compared to last month," said Dana M Peterson,...

Aristotle called interest unnatural. Aquinas called it unjust. For centuries, the Church banned it. Guido Hülsmann argues they were wrong about the free market—but accidentally right about the fiat system.

Core Producer Prices Cooler Than Expected In April, Goods Costs Jump Most On Record After yesterday's mixed bag from consumer prices (headline in-line but core cooler than expected and goods deflating), US Producer Prices were expected to keep accelerating higher (on a YoY basis) in May and they did... by more than expected. Headline PPI rose 1.1% MoM in May (much hotter than the 0.7% MoM exp) but April's 1.4% MoM rise was revised down to +1.1% MoM. This left producer prices up 6.5% YoY (vs 6.4% exp and up from...