[Weekly Update] Two New Buys… and Consumer Optimism?

Well, that’s not following the script…

It seems that the invincible American consumer may in fact be mortal… and may not actually have unlimited spending power.

May retail sales were reported this morning, and they came in lower than expected at just 0.1% month-over-month. Compared to May of last year, sales were up 2.3%.

Remember, retail sales figures are