After a close to the strongest quarter in the stock market in nearly a decade, the second quarter will kick off with a big economic week in terms of data, including Retail Sales and ISM Manufacturing on Monday and the Employment Report on Friday. We expect the data to show much slower growth that is already likely discounted in the market, but also that helps keep the Fed with a more dovish policy. In other words, bad domestic economic news is likely to be good news for the markets.
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