‘Gonna Need More Stimmies’ – US Retail Sales Plunged In May

Given the expected impact of autos from the chip shortage, a “cleaner” number of the Ex-Autos print which was also a disaster, tumbling 0.7% MoM (much worse than the 0.4% improvement expected)

Source: Bloomberg

 

 

 

https://www.zerohedge.com/personal-finance/gonna-need-more-stimmies-us-retail-sales-plunged-may