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Booming Exports Has the global economy hit a soft patch?
Service industries in America hit a soft patch in February.
But this spring we hit a soft patch.
The housing market has hit a soft patch after the end of a home buyer tax credit in April.
Stocks have been slipping since mid-April on concern that the nation's economy has hit a soft patch.
There are other signs that the recovery is still broadly on track, even if it has, as in 2004, hit a soft patch.
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"You are still seeing a tug of war between an economy that is growing but hitting a soft patch and that is being reflected in the earnings story," said Stephen Wood, chief market strategist for Russell Investments.
The ADP Employment Services report on private sector hiring and the Institute for Supply Management's data were the latest signals that economic growth remained sluggish in the second quarter after hitting a soft patch in the first months of the year.
With the global economy hitting a soft patch recently, UBS responded by lowering its EPS estimates as well, but did maintain its neutral rating.
And retail in general is in hitting a soft spot.
"I hit a soft 7-iron into 11, made double.
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