The results form a bright spot for the U.S. consumer a day after data showed U.S. retail sales were lower than expected. Retail sales didn’t look so great in the United States either, and industrial production also disappointed. For retail sales, data showed a drop of 0.2% in April when a Briefing.com consensus had forecast a 0.2% rise. We’ll have to wait and see which indicator proves the more accurate for the stock market – the volatility gauge or the bond market. Its GDPNow forecast dipped to 1.1% Wednesday from 1.6% on May 9 after data on retail sales and industrial production came in weaker than expected.

Source: Forbes May 16, 2019 13:41 UTC