Can you say "R-E-C-O-V-E-R-Y" ?

June 9th, 2009 11:27 AM

Here's what we have all been waiting for...

On Monday, June 1, the Commerce Department reported total construction spending unexpectedly rose 0.8% in April.

The Institute for Supply Management reported the monthly index of manufacturing activity rose in May to 42.8 from 40.1 in April.

The National Association of Realtors reported that its pending home sales index, a forward-looking indicator based on signed contracts, rose 6.7% to 90.3 in April from 84.6 in March.

The Commerce Department reported factory orders rose 0.7% in April, after a revised 0.9% drop in March.

The Institute for Supply Management reported the monthly index of non-manufacturing activity rose in May to 44 from 43.7 in April.

Initial claims for unemployment benefits fell by 4,000 to 621,000 in the week ending May 30 from a revised figure of 625,000 in the previous week.

So far, so good!

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