Disappoint

US Retail Sales Disappoint, Tumble Most Since April

December 16, 2020 By Tyler Durden While analysts expected a modest drop in US retail sales in November (after its big slowdown in October), and BofA credit card sales data suggested otherwise, they were both seriously off as the final print was a big disappointment. Headline retail sales tumbled 1.1% MoM (far worse than the…

China Retail Sales Disappoint, Despite Expected Golden-Week Boost

Amid sudden domestic defaults, liquidity shortfalls, a soaring yuan, and overseas economics lockdowns, tonight’s smorgasbord of data is expected to show a continued recovery in China’s economy (after a disappointing Q3 GDP and PMI), as US data begins to falter. Source: Bloomberg The strongest yuan in well over two years is likely not helping the…