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Investing Specialists

Economy Serves Up More Warmed-Over Gruel

Although this week's data shattered the mirage of an impending economic boom, neither does it herald the start of a new economic slump--just more of the same slow growth.

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For a second week in a row, the U.S. economic data was nothing to write home about, and for a change the markets acted accordingly and fell sharply.

The week started with a weak report on manufacturing from the ISM, a soft ADP payroll report in the middle of the week, rising initial unemployment claims on Thursday, capped off by a seemingly disappointing employment report on Friday.

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