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…)