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Christophe Barraud, chief economist / strategist at Market Securities, reports that U.S. retail sales rose by 0.5 percent in April compared to the previous month, matching estimates. Excluding autos and gas, retail sales also rose by 0.5 percent, outperforming the estimate of 0.3 percent.
Barraud has recently highlighted that U.S. traders are facing two-sided tail risk as stocks reached highs, according to a previous note. He also reported on the U.S. pausing its Hormuz security plan and DeepSeek’s $45 billion valuation in a separate update. These developments come as broader economic data continue to draw attention.