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Investing Specialists

The Consumer Is Alive and Well After All

The retail sales report for November shows that, as of last month, consumers were still not backing off making purchases, despite the fiscal cliff.

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Though there was some movement midweek, the S&P 500 remained unchanged for the week despite a flood of economic news, most of it positive, at least when properly analyzed.

Even more surprising was the yawn given to the Fed's new quantitative easing program (even more bond buying and continued low rates) as well as the Fed's new concrete programs drawing new lines in the sand about when to end these programs based on inflation and employment metrics.

Robert Johnson, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.