 Macro Digest: U.S. Economy Sets Records I've scanned the latest data from Trading Economics and Statista — the picture is interesting. U.S. Exports — All-Time High $320.9 billion in March — a record. Up 2% month-over-month, +$6.2 billion. Driven by industrial goods and raw materials. American exports have never been this strong. Stock Market — New Peaks S&P 500 and Nasdaq 100 hit new records. The reason — a pullback in energy prices lowered inflation expectations. The market is pricing in a soft landing. Services Sector — Stable ISM Services PMI 53.6 — slightly below last month (54), but confidently above average. The services sector is growing, albeit slower. Labor Market — Moderate Cooling 6.866 million job openings — above expectations (6.84 million). Declines are in professional services (-318k), but overall the market remains tight. Surprise from Canada Unexpected trade surplus of C$1.8 billion — the first in a long time. Analysts expected a deficit of C$2.9 billion. Could signal a shift in trade flows. Cloud Market — Over $500 Billion Synergy Research: The cloud infrastructure market will exceed half a trillion in 2026. AWS, Azure, and GCP capture the lion's share. My position: The U.S. economy is entering a phase where exports and services offset the cooling labor market. This is neither a "hard landing" nor a "boom" — rather, steady growth with a redistribution of drivers. Canada is worth watching — if the surplus persists, it will change the dynamics in North American trade.