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Bloomberg predicts US growth could outpace China in 2022, the first time since 1976, sees China's economy growing 2% versus US GDP rising 2.8%; while US struggles to cope with inflation, its economy still driven by high hiring, strong consumer spending

Potential US existing-home sales in April fell 3.0% month-over-month to 5.74 million seasonally adjusted annualized rate; house-buying power fell US$77,000, reduced housing market potential by nearly 380,000 potential home sales: First American

EU flash consumer confidence indicator for May edged down 0.4 points from April, while euro area flash consumer confidence indicator rose 0.9 points, remains well below its long-term average: European Commission

Target analyst roundup: CFRA downgrades to hold, worries guidance could see more downward revisions, especially if consumer spending weakens; GlobalData says Target remains profitable, but has to ensure its grocery/household essentials offer is 'on-point'

Business Insider: Consumer sentiment is the worst it's been in a decade, yet retail sales are at a record high, creating unusual split in US economy that's making the inflation problem worse; if massive demand doesn't cool, prices will likely surge higher

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