Australian retail turnover rose 16.3 per cent in May 2020, seasonally adjusted, according to preliminary retail trade figures released today by the Australian Bureau of Statistics (ABS). On the other hand, bank stocks on ASX have had been tumbling down lately. Seems like they are getting affected from the negative sentiment flow in the market and due to the bleak outlook for the economy by the US Federal Reserve. Lets try decode the retail sector figures released by ABS and have a quick look at the price movements in banking stocks.