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Investing Specialists

While Bulls and Bears Snarl, Economy Stays in Its Rut

Both sides can cherry-pick their data points, but overall, the economy isn't making much progress in either direction.

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This week's economic news had enough data to scare both the extreme bulls and the extreme bears.

Pressing hard on the bulls was the fact that employment growth decelerated, construction spending fell, pending home sales were a disappointment, and weekly shopping center growth remained below 2.5%.

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