The Weekly View: Earnings and Election Masking Positive US Economic Data
- My thanks to Rod Smyth, Bill Ryder and Ken Liu of
RiverFront for their ever-interesting letter. It is posted in the Subscriber's
Area but here is the opening paragraph:
While
investors continue to focus on big-picture headline risks - earnings, the
election, the US fiscal cliff, Europe's ongoing financial crisis and recession,
and China's growth slowdown - they may be missing some positive economic
developments in the US that help explain stocks' robust performance since
June.
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