Succinct Summations for the week ending May 24th, 2019 Positives: 1. All things considered, this week could have been much worse than it was… That resiliency is the biggest positive no one is speaking about. 2. Jobless claims fell 1k in May from 212k to 211k. 3. Home mortgage refinance apps rose 8.0% w/o/w, above the previous 1.0% decrease. 4. New home sales had upward revisions of 39k in the previous two months. 5. Natural gas in storage rose 100 billion cubic feet, increasing for the 8th straight week. Negatives: 1. Trade War continues to be a drag on economic activity and sentiment. By end of next week, ships with ... (full story)