Witness the nice pop in May US Retail Sales popping 0.6% and past head-scratching Wall Street consensus.
This print synchs with our overall (decidedly non-consensus) bullish view on US consumption. Yes, we remain bullish on #GrowthAccelerating.
In particular, check out Restoration Hardware (RH) seeing a tidy uptick jumping around 3% today ahead of its earnings report.
That said, weather may be a factor in June for apparel and footwear retailers. #GotRain?