US Retail Sales Surprises To The Upside, But… | ZeroHedge

If BofA's omniscient analysts are right (and they have been serially on the correct side of this data series relative to consensus for months), then traders should brace for disappointment this morning for the retail sales data.

But…

For once, the BofA analysts were incorrect as headline retail sales rose 0.1% MoM (better than the 0.0% MoM exp, but this follows a sizable upward revision in March to +1.7% MoM (from +1.4%). With the revision that left retail sales up 5.2% (more…)

Continue ReadingUS Retail Sales Surprises To The Upside, But… | ZeroHedge

French Minister To Meet Crypto Firms After Kidnapping Attempt | ZeroHedge

Authored by Adrian Zmudzinski via CoinTelegraph.com,

The French interior minister reportedly plans to meet cryptocurrency professionals in the aftermath of a violent kidnapping attempt on the family of a crypto exchange executive in Paris.

(more…)

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“Paying The Price For Failed Leadership”: Maryland Hit With Moody’s First Credit Downgrade In 50 Years | ZeroHedge

Maryland's tax-and-spend Democrats—obsessed with a far-left progressive agenda, ranging from condoms for kids to gender identity to reparations to climate change to criminal illegal aliens—have pushed the state closer and closer to the brink. The self-created financial mess unfolding in the state predates President Trump's second term and derives from leftist activists who have seized power in recent years and squandered taxpayer funds. 

Now, Maryland's financial (more…)

Continue Reading“Paying The Price For Failed Leadership”: Maryland Hit With Moody’s First Credit Downgrade In 50 Years | ZeroHedge