A.M. Update

S&P futures are flattish (-0.05%). Retail Sales disappointed, rising 0.1% in May (consensus 0.3%) and this  following a revised -0.2% decline in April (from 0.0%), leaving the headline (nominal) retail sales print up just 2.3% YoY. Retail sales, excluding autos, declined 0.1% (consensus 0.2%) following a revised 0.1% decrease in April (from +0.2%). Gas Stations…