Leading Indicator Watch | May 31, 2024

The money supply, including time deposits, rose $26B to $20.867T (Apr) which reflects cash accumulating in money market funds with their attractive yields. Money supply is running 73.8% of current GDP. 1st Quarter GDP was adjusted down to 1.3% from 1.6% (QoQ).

Be sure to check out more of last week’s leading indicators here. Stay tuned for Market Thoughts.

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