June 16, 2020

Stocks surged today as retail sales more than doubled expectations, rising 17.7% in May (versus 8.5% expected).  Many investors believe this sudden rise in sales shows how temporary the COVID recession was and that the worst is over.  The three major indices are all up,  over 2% midday on the news.  Gold and silver are also up, trading at $1,730 and $17.60 respectively.