Visa and Mastercard reported encouragingly, saying the consumer was still spending, but other companies so far have reported slowing, cru…

Visa and Mastercard reported encouragingly, saying the consumer was still spending, but other companies so far have reported slowing, cruises, hotels (but not trips, which seem fine according to Booking), US vehicles, financial services other than V and MC. If it weren't for V and MS, things might be said to be looking not encouraging, but there they are. Eisman. Industrials reported well also. Tech did fine, like Microsoft and Meta.

The market was down like 17% for the year after the Liberation Day tariffs were announced, but are currently down only like 3% at the start of May.