US retail bounce, UK’s life saver, Trump’s next trillion
Wednesday 17th June 2020 Market sentiment is higher again this morning from a surprise rebound in US retail sales, coupled with talk of a $1 trillion infrastructure program from the Trump administration, and more stimulus from the Fed. News that an existing low cost drug can significantly reduce the COVID-19 death rate has added to the good news. On the downside, the virus is staging a comeback in various places, including Texas, and the UK is facing worse than expected unemployment numbers.