IBD: “Stock Market Retreats As Investors Await Major Reports After The Close”By admin_45 in IN THE NEWS
Excerpt from Investor's Business Daily quoting DataTrek's Jessica Rabe:
.... "Yet, the optimists can find some hope. The U.S. economy is strong, and even the minor gauges are providing bullish confirmation. Jessica Rabe, co-founder of DataTrek Research, notes that discretionary spending on vacations are often the first thing axed in a weakening economy, but that isn't happening.
"The good news is that vacation spending is still strengthening to record levels rather than slowing down," Rabe writes. "This enables us to add yet one more recessionary indicator to our list of showing few signs of concern"....
Read the full article here in Investor's Business Daily!