suggests a bit of softness


Senior Member

Some degree of caution might be in order in the near- term, while we wait for greater clarity on a series of risks in the weeks ahead,” said David Joy, the Boston-based chief market strategist at Ameriprise Financial Inc., which oversees $693 billion in assets. “Recent evidence suggests a bit of softness in the U.S. economy.”

It is difficult for me to understand the pharse "suggests a bit of softness".

Could you please explain it for me?

Thanks in advance.
  • Cagey

    post mod (English Only / Latin)
    English - US
    As I understand it, "softness in the economy" means that the economy is slow and there are more people wanting to sell stock, for instance, than there are buyers.
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