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Investing Specialists

Feeling Out of Sync With the Sentiment

The over-confident are overlooking some less-than-rosy data on the consumer and housing fronts.

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U.S. stock markets made little progress this week, with the S&P 500 basically unchanged, as mixed earnings data and weak existing-home sales were counterbalanced by better news on new-home sales and healthier data from Europe. Manufacturing looked a little better, too.

Not all the earnings news was uniformly bad, either, with key companies including  Boeing (BA) and Ford (F) doing better than expected. Improved airliner shipments and auto sales are key to an improving second half after what was a much tougher-than-expected first half of 2013 for the U.S. economy. 

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