While the new year had been off to a terrific start, stocks have retreated in price of late with renewed concerns about the health of the U.S. economy giving investors pause.
In addition to disappointing readings on the health of the services and manufacturing sectors, retail sales in December were dismal. True, the labor picture has remained robust, though numerous layoffs have been announced in recent weeks, but most economists are of the mind that a recession is in the cards this year.
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