Last week, as Wal-Mart and Boeing each touched new 52-week highs, the release of two major economic reports brought the major indexes down from their all-time highs. The reason for the weakness in each of the reports was worry over the end of the payroll tax holiday. This issue falls into the larger framework of the sequestration cuts and should be of real concern to the American public.
In the video below, Fool.com contributor Doug Ehrman discusses the substance of each report and helps to put them in the proper context, including the potential impact on the stock market and individual investment choices.
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The article Taxes Take Their Toll on the Stock Market originally appeared on Fool.com.
Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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