After a stunning 15% surge since mid-November, the market has struggled in the past month, trading up and down in a tight 1% band. Problems in Europe have reignited and many on Wall Street are expecting consumer spending to weaken during the rest of the year. It is all making the case for a bull market very difficult, except for a key report the U.S. Federal Reserve recently released.
I am not talking about the Fed's stance on interest rates, or whether it will maintain record bond purchases. This report is even more important because it concerns the driver to 70% of the nation's economy and, despite current bad news, it's pointing straight up.
But first, a bit of background... Continue reading "Get Ready to Profit from the "Return of the Consumer""