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Investing Specialists

Is Retail Spending on the Ropes?

The 2% payroll tax hike is not the disaster that some have been predicting.

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It was another week of muted stock market gains with decent economic and earnings news, and more big buyouts tempered by additional bad news out of Europe.

Retail sales in particular were better than expected, although not quite as robust as I had hoped. However, that positive retail news was tempered slightly on Friday as an alleged internal  Wal-Mart (WMT) e-mail (as reported by Bloomberg) characterized February month-to-date sales as a "total disaster."

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