Producer prices hit 6%. Consumer prices hit 3.8%. And the economy, like a marathon runner who has not yet noticed the blister forming at mile 18, kept right on going.

The first quarter Gross Domestic Product (GDP) report confirmed what the weekly data had been hinting at: the economy grew at a respectable 2% pace, underpinned by an artificial intelligence

March retail sales beat expectations, consumer sentiment found a floor (even if the floor is a 75-year low) and pending home sales surprised to the upside. Read the fine print, though, and

Iran reopened the Strait of Hormuz this week (only to close it again the next day), crude oil futures dropped toward $80 a barrel and the S&P 500 touched a