Last week the Positive economic reports outweighed the Negative reports. Here are the Positives:

1. National Federation of Independent Businesses’ small business optimism came in at 98.3, the highest reading of the year.

2. University of Michigan consumer sentiment came in at 94.6, up from 90.7 in May.

3. US core retail sales rose 0.7% month over month and 3.3% year over year.

4. Job openings rose to 5.38 million, the largest reading on record.

5. Headline Producer Price Index rose 0.5% month over month, slightly higher than expected. Core PPI rose just .1% month over month.

Here are the Negative economic reports last week:

1. US jobless claims came in at 279k, slightly more than expected and up from 277k last week.