Where the U.S. retail blooms are and are not. Also, The Fed is addicted to propping up the markets.

davfor

The first article provides a short visual look at how various retail business sectors performed in May. Relatedly, the second article takes a look at the Feds role in the massive and prompt fiscal and monetary policy actions that supported this May's rebound during this first phase of the pandemic. I am left wondering how the virus will bend this short term retail rebound, the economy in general, and the stock market over the next several months. It won't be dull.

In essence, the Fed has adopted a strategy that works like a one-way ratchet, providing a floor for stock and bond prices but never a ceiling.

https://reuters.com/article/us-usa-economy-retail-graphics/may-flowers-where-the-u-s-retail-blooms-are-and-are-not-idUSKBN23O1HG

https://washingtonpost.com/business/2020/06/17/fed-is-addicted-propping-up-market-whether-it-needs-help-or-not/