The investment pros at MFS Investment Management, the nation's oldest mutual fund firm, aren't seeing any signs of the type of slowdown in the U.S. economy that Wall Street has been predicting. In fact, the Boston-based fund shop believes vital signs are pointing toward a very strong second half with the economy benefiting from having the wind at its back.

"The breadth of the job recovery is occurring in almost every industry, monetary policy is still accommodative, and the tax cuts of two years ago are still providing stimulus to the U.S. economy," said James Swanson, chief investment strategist at MFS, on a conference call last week.

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