MARKET DAILY

Market 05/31: April PCE unchanged - real spending plummets

Japan confirms injecting 62 billion USD to rescue the yen. Chicago PMI unexpectedly plunges sharply to recession levels.

Analysis video: GDP Sharply Down to 1.3% - US Economy on the Brink of Recession with CLO Bad Debt Risks

The market had an unpleasant down session with CRM dragging the entire tech sector down. Meanwhile, investor sentiment has clearly turned negative with many possibilities that the US is officially teetering on the edge of recession after the revised GDP report.

Fed Logan:

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