#101 - Winners and Losers in May Retail Sales

The US Census Bureau released last week the advance projection May report of the Index of Economic Activity (IDEA) that includes information how consumers changed their spending last month.  Consumers are changing their spending in what economists refer to as a "soft landing" from former periods of stronger retails sales.  Quick reversals from strong retail sales to no sales blindsides investors that typically results in greater stock market volatility as investors knee jerk reaction is to SELL!   In this Update, read about our observations of the IDEA report and forecasts for the economy.