S&P 500 rises to record to kick off May trading as oil falls, Apple shares jump: Live updates
Original Report
April marked the best monthly performance since 2020 for both the S&P 500 and Nasdaq Composite.
Glass House Analysis
This story reflects the interconnected nature of modern economic systems, where developments in one sector inevitably affect others. Understanding these connections is essential for grasping how policy decisions and market movements translate into real-world outcomes for families, workers, and communities. The economy is not an abstract system of numbers—it's the sum total of decisions about who works, who prospers, and who struggles.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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GDP, Personal Income and other Business Cycle Indicators as of May Day
GDP grows 2% SAAR in the Q1 advance release (see Jim’s discussion here). Real personal income ex-transfers is flat. Figure 1: NFP employment (bold blue), civilian employment with smoothed population...