Reopening stocks at risk of consumer spending slowing down
Where did all that stimmy go? First to trading accounts, and now to bars, restaurants and of course, more AMC stock.
News broke yesterday that American retail sales fell 1.3% in May after rising 4.7% in March and 0.9% in April. While spending has likely shifted from retail to restaurants, travel and services – many are wondering – how long will the government stimulus-driven rebound last?