Editor's Choice for June 2

Better numbers
Three positive economic numbers showed up this week: May ISM manufacturing jumped to its “highest level since September,” to 42.8, up from 40.1 and more than the consensus number, 42.3, accoring to High Frequency Economics on June 1, which also reported June 2 that the index of pending home sales jumped 6.7% for April, way above the consensus of 0.5%. And instead of an expected drop of 1.5%, construction spending jumped unexpectedly by .08% for April, High Frequency Economics said on June 1.