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

The week brought a tentative ceasefire between the US/Israel and Iran and data confirming that the economic damage was already in motion before any diplomat sat down. From record-low consumer