After March's collapse in headline retail sales, April was expected to be a bloodbath but it was much worse than expected with a 16.4% MoM collapse (the most ever), considerably worse than the 12% drop expected. {image}On a YoY basis, headline and core retail sales crashed by record amounts... {image} Under the surface, it's a total shitshow!!! Every category down except online sales which are up 8.4% {image} Car Sales have crashed as online sales are surging... both by the most ever...{image} It would appear that the rebound in stocks did nothing to juice consumer confidence after all... just as we have already ... (full story)