|Data for week commencing 11 May 2020|
The US stock market wrestled its way into positive territory, despite negative economic reports and the Trump team continuing to stick it to China. This time it’s more potential bans on Huawei. You can’t help but think that the US President will try a China shakedown to offset any negative political implications from his handling of the “China virus”, as he calls it.
Despite a record 16.4% fall in retail sales when ‘only’ 12.3% was tipped by economists, on the plus side those damn optimistic Yanks came out with a better-than-expected consumer sentiment reading.