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US Services PMI Masks Deteriorating Demand as Prices Hold at Three-Year High

The US services sector remained in expansion in April 2026 for the 22nd consecutive month, according to data released on May 5, 2026, but the latest ISM Services PMI report reveals a sector navigating genuine headwinds. The headline index eased marginally to 53.6 from …

Nitish Kishor | 05 May 2026

U.S. Pre-Market Briefing: What U.S. Markets Face on Tuesday, May 5

U.S. equity futures are higher in early Tuesday trading. S&P 500 E-mini futures are up 0.34% at 7,254.50, Nasdaq 100 E-mini futures up 0.54% at 27,926.25, and Dow E-mini futures up 0.28% at 49,216, partially recovering Monday's losses when the S&P closed down 0.41% …

Nitish Kishor | 05 May 2026

US Sector Performance Analysis: Energy Surges as Cyclical Growth Stalls

The US equity market session on May 4, 2026, showcased a severely fractured tape characterized by a flight to hard assets and a rejection of cyclical growth. Capital actively fled traditional economic bellwethers, punishing manufacturing and raw materials, while simultaneously funneling into the Energy …

Robert Luong | 04 May 2026

US Sector Momentum Analysis: Energy Accelerates as Tech Leadership Fades

The US equity market session on May 4, 2026, revealed a stark bifurcation in relative momentum structures. While absolute price action across the broader market was heavily negative, the Relative Rotation Graph (RRG) highlights a massive structural rotation beneath the surface. Capital is definitively …

Robert Luong | 04 May 2026
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