WEDNESDAY 5/24/17; Moody’s Cuts China’s Credit Rating; President Trump Meets with Pope Francis; AAP; CHS; FRED; JASO; LOW; SHLD; TIF; Existing Home Sales; 5-Year Note Auction; FOMC Minutes; Bitcoin Above 2,500; SPX and NDX New All-Time Record Highs; GES; HPQ; MOD; PVH; PSTG; SDRL; WSM

US futures are a touch negative. 










[Text is redacted. Purchase the 2017-05 chronology to enjoy May's economic and market history including new all-time highs in the stock market.]

Fed’s Kaplan repeats his mantra for two more rate hikes this year. Kaplan says two more hikes is an appropriate baseline case for this year.