Retail Sales here in the US continue to plummet. It’s not surprising given the world we live in, but how much of this is the broader market pricing in? Will consumers save more cash – if possible – vs. buy new things for the foreseeable future? I do think this spills over into corporate cap-ex, and cuts there. There have been some company’s mentioning this recently, but I wouldn’t be surprised to see this across every sector in the near-term and for the medium-term.
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|Chart of The Day – May 14, 2020|