DoubleLine Portfolio Manager Eric Dhall and Fixed Income Asset Allocation Strategist Ryan Kimmel run down the Memorial Day-shortened week of May 27-30 and a mixed-bag for the markets amid May’s volatility. The S&P 500 had a relatively calm week and pretty positive month (00:32), fixed income had a positive week to cap off a month of gyrations (2:36) and commodities had a rough final session to conclude an up-and-down May (4:26). Over in Macro Land (6:11), Eric and Ryan’s review includes a look at some consumer confidence reports buoyed by the trade détente; a PCE print closer to the Federal Reserve’s 2% goal; Fed meeting minutes that point to staying the course on rates; and durable goods orders, with Ryan noting a possibly negative signal in the data. Looking ahead (19:25), next week’s prints will include ISM manufacturing and services reports and the Fed’s Beige Book, but the market’s focus will be on Friday’s jobs report.