Report published June 2, 2026
Up and Adam: Market Insights and Daily Update – June 2, 2026
Raymond James · June 2, 2026
Economic data shows a robust US manufacturing sector and resilient consumer spending, while geopolitical tensions in the Middle East have driven oil prices higher.
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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 ISM Manufacturing PMI reached a four-year high of 54.0 in May, indicating sustained expansion despite persistent input cost pressures.
- 2.Oil prices surged as internal power struggles in Iran and tensions with Israel threatened to delay diplomatic negotiations.
- 3.US consumer spending remains resilient, evidenced by strong restaurant bookings and AMC's best May attendance since 2019.
Table of Contents
- Previous Close
- Future
- Powell Highlights Concerns Around Fed Independence—An Unusual Step For A Former Chair
- Amid Apparent Power Struggle, Iran’s Rhetoric Turns More Hawkish—Pushing Oil Prices Higher
- As Consumers Keep Spending, AMC Signals Best May For Movie Attendance Since 2019
- Potential Breakthroughs In Cancer Drugs Mark The Latest Milestones In Pharma Innovation
- ISM’s Manufacturing PMI Rises To Four-Year High While Providing The Latest Evidence Of Cost Pressures
Report data
Chart of the Day: Rebounding Manufacturing Activity
| Metric | Estimate | Context |
|---|---|---|
| ISM Manufacturing PMI | 54.0 Index Points | Highest since May 2022 |
| ISM Manufacturing Prices Gauge | 82.1 Index Points | Just below April's four-year high |
| WTI Crude Price Change | 6% | Response to Iran/Israel tensions |
| Restaurant Bookings | 13% | Real-time consumer spending data |
Reports in this series
Up and Adam is shown in chronological order through this edition, published on June 2, 2026.
Part of the Up and Adam series — view all 19 editions
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