GDP was better than 3% in the first quarter, the payroll report was greater than +250k, and the unemployment rate was the lowest in fifty years. The economy in the US must (still) be booming.
But:
The vast US services sector recorded a surprise slowdown in April, according to the Institute for Supply Management's latest survey.
The group said Friday its non-manufacturing index slipped to 55.5 last month, down from 56.1 in March and confounding economists who expected the gauge would jump to 57. It also marked back-to-back months in which the index posted