 Macro Digest: US Economy Breaks Records, but Logistics Signals I've analyzed the latest data as of May 5, 2026 — the picture is mixed, and that's precisely what makes it interesting. What's good: — S&P 500 and Nasdaq hit all-time highs. The market is buoyed by corporate earnings and lower energy prices. — US exports hit a record $320.9 billion in March (+2%). Industrial goods contributed $5 billion. — ISM Services PMI at 53.6 — the services sector continues steady growth, albeit slightly slower than March's 54. What's concerning: — Job openings fell by 56,000 to 6.866 million. The main decline is in professional and business services (-318,000). This could be an early sign of a white-collar sector cooldown. — The Logistics Manager's Index surged to 69.9 — the highest since March 2022. Transportation costs are pressuring supply chains. — Canada unexpectedly posted a trade surplus (C$1.8 billion vs. an expected deficit of C$2.9 billion) — a structural shift in North American trade. Global trend: The cloud market will exceed $500 billion in 2026 (Synergy Research data). AWS leads, but competition is intensifying. For AI projects, this means lower infrastructure costs and greater availability of computing power. Conclusion: The US economy remains resilient, but signals of a labor market cooldown in professional services and rising transportation costs are what I'll be watching in the coming weeks. If the trend persists — we can expect a rate correction and capital flow into the tech sector.