[…] Global Economic Growth is Moderating: Multiple indicators point to a slowdown in global economic activity, raising concerns about earnings sustainability. German retail sales unexpectedly fell by 1.1% in April (Reuters), while the U.S. economy contracted by 0.2% in Q1, its first decline since mid-2022 (Proactive Investors). Australian retail sales also disappointed (Reuters), and concerns are rising about consumer resilience amidst economic uncertainty (PYMNTS). …