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

Summary:
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

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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)

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

Source: Bloomberg

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

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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