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On the SPOT™ blog (06/01/2023) [S..]

All three major US indices are in the green right now (morning PST) reflecting general optimism related to the current news. House passed the debt ceiling bill and now it progress to the Senate for next step. US factory activity dropped. Materials cost also seems to have dropped. Weekly unemployment claims rose last week but appear to be flattening. Jobs report should provide a clearer picture. As of now, it looks like Feds' moves to curb inflation while trying to achieve "soft landing" seems to be working. There is also optimism that Feds will pause rate hike in this months' FOMC meeting (remains to be seen).

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