Is the US in real trouble? We're about to find outSubmitted by meekandmild on Sun, 02/23/2014 - 23:47
Despite a series of economy data points that would seem to indicate that US growth has been slowing, investors may be waiting before they get worried. But if data comes in weak over the next two weeks, the wait could be over.
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Fed to shed light on frozen U.S. economy Reuters
"This week's going to be an interesting one, because the economic data that's come out has been a little goofy, and yet the market just keeps pushing higher here," said Brian Stutland of the Stutland Volatility Group.
Indeed, the S&P (^GSPC) booked only a slight loss in the past week, despite the fact that several important economic numbers have fallen short of expectations.
Existing home sales in January were nearly nonexistent, with the Friday-released number missing expectations and coming in at an 18-month low. A similarly bad housing number came on Wednesday, when the Commerce Department reported that housing starts fell 16 percent in January.