Report published May 28, 2026
Up and Adam: 1Q26 GDP Estimates, Retail Trends, and Market Outlook (May 28, 2026)
Raymond James · May 28, 2026
Raymond James analyzes key indicators including 1Q26 GDP revisions, mixed retail earnings, and China's tech-led industrial surge. The report highlights seasonal strength in municipal bonds and sticky gasoline prices despite falling crude oil.
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Finvaulta summarizes Raymond James's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.The second estimate of 1Q26 GDP is expected to hold at 2.0%, but revisions regarding consumer spending and defense outlays will be critical for assessing 2Q growth acceleration.
- 2.China's industrial profitability surged 24.7% in April, driven largely by the technology and electronics sectors, reinforcing a preference for EM Asia equities.
- 3.Municipal bonds are entering a seasonally strong period with reinvestment flows expected to peak in June at approximately $51 billion.
Table of Contents
- 1Q26 GDP Second Estimate At 8:30 AM ET: Focus On Potential Revisions
- Another Busy Week Of Retailer Earnings Paints A Mixed Picture Of Consumer Spending
- Tech Strength Propels Expansion In China's Industrial Profitability
- Munis Hold Ground At The Start Of A Seasonally Strong Period
- With Summer Travel Season Underway, When Can Drivers Expect Relief At The Pump?
Report data
Chart of the Day: Fill 'Er Up!
| Metric | Estimate | Context |
|---|---|---|
| China Industrial Profitability Growth | 24.7% | Fastest pace since November 2023. |
| 1Q26 GDP Second Estimate | 2.0% | Consensus estimate matching prior estimate. |
| Muni Reinvestment Flows | 51 billion USD | Anticipated seasonal peak supporting demand. |
Reports in this series
Up and Adam is shown in chronological order through this edition, published on May 28, 2026.
Part of the Up and Adam series — view all 19 editions
Looking for the latest edition? Up and Adam (Jul 23, 2026)
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