Here's why 'bad' news in the economy hasn't rattled stocks, according to DataTrek

• There's a reason why stocks have remained stable despite recent economic data, according to DataTrek. 
• A key has been that corporate earnings have stayed resilient, the firm said. 
• "The market we have wants to focus on corporate earnings and is confident still-rising interest rates will not cause a recession that damages fundamental earnings power."

Markets have remained stable despite recent economic data that suggests the Federal Reserve will have to maintain restrictive monetary policy for longer.

Specifically, monthly reports on payrolls, consumer prices, and retail sales came in higher than expected, indicating that the Fed's efforts to cool the economy are insufficient.