Despite Strong Economic News, Stocks Dropped This Past Week

Published Friday, June 18, 2021 at: 7:09 PM EDT

Stock market speculators and other “hot money” investors were unhappy last week and stocks dropped sharply but the economic news gave long-term investors plenty to smile about. Economic data released this week gave investors something to smile about, but stocks still dropped sharply. Economic data released this week was great: Retail sales dropped slightly in May but remains astronomically high.  Housing starts in May were up slightly in May and for six months have been hovering around the strongest level in nearly 5 years. The U.S. Index of Leading Economic Indicators are at an all-time high.      Despite the strong economic news, the Standard & Poor’s 500...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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