Opinion: ‘Momentum’ investors buy stocks even though gold and bonds are warning them

[McFurd]

MarketWatch - 7/14/2017 - Nigam Arora - Sophisticated investors closely follow economic data. But I’ve noticed that some lesser-experienced investors don’t do the same. They should. Because two important pieces of economic data were just released. Please click here to see a chart of retail sales. Please note from the chart that as the stock market continues to go higher, retail sales are declining after a prolonged run. This is especially troubling because the economy is near full employment. Typically, as employment gets stronger, retail sales climb. Could this be an early warning signal? Read more @ http://www.marketwatch.com/story/moment ... nce%20News)