Daily Note | June 18, 2024 | Dwindling CEF Opportunities

Today we received a weak retail sales number that further reinforces the idea that the consumer is tapped out. Retail sales rose by +0.1% in May versus the prior month, slightly weaker than expected. We also had revisions to the downside on April's data.

We also have a host of fed speakers and a 20-year treasury auction. The auction went extremely well s…