Daily Rundown

May 26, 2026

Chart of the Day

Number of the Day

58.0 - The University of Michigan's household finances index in May, equaling the lowest level in the 48-year history of the series

Quote of the Day

"I will lead a reform-oriented Federal Reserve." - Federal Reserve Chairman Kevin Warsh

Friday's Highlights

The University of Michigan consumer sentiment index (May) fell to a record low 44.8 from a prior 48.2.

The index of leading economic indicators (April) rose by 0.1 percent, bouncing back modestly after a 0.6 percent slide in March.

Quick Commentary

Consumer sentiment will get a lift as oil prices fall, but, as reflected in last year's low readings, there are clearly some deeper-seated issues that will continue to pressure these numbers even after the nascent inflation upturn runs its course. At some point, a firmer labor market will be required to sustainably boost sentiment and, more importantly, to keep consumer spending on a healthy growth trajectory.

Today's Highlights

Consumer confidence

Case-Shiller home prices

Daily Trivia

What is the only current S&P 500 stock that has risen by at least 20 percent annualized across each of the last three economic expansions?

(Friday's Question: What local brand was among the first to sponsor a car in the Indianapolis 500, painting a 1933 entrant red, white, and blue with several balloon-like polka dots across the body? Answer: Wonder Bread)