In the Context of Almost-Certain Heavy Central-Bank Interventions,
Headline Market Volatility Largely Retrenched from
Recent Hype that Brexit Would Lose

Yen and Gold Were Strongest Versus the Dollar Since 2014

Real Median Household Income Tumbled Anew in May

Ex-Commercial Aircraft, Real Durable Goods Orders Are in a Trend
for Second-Quarter Annualized Contraction of 1.8% (-1.8%)

Aggregate Real Durable Goods Orders Continued in Smoothed,
Low-Level, Stagnant Non-Recovery

In the Context of Downside Corrections to Prior Months,
May New-Home Sales Fell Sharply

Continuing in Low-Level Stagnation, Non-Recovering New-Home Sales
Remained Shy of Pre-Recession Peak by 60.3% (-60.3%)

Despite Highest Existing-Home Sales Level Since 2007,
Activity Remained Shy of Pre-Recession Peak by 23.9% (-23.9%),
Continuing in a Smoothed Pattern of Stagnation

Freight Index Showed Continuing Non-Recovery and Deepening New Recession

 

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