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- The "good economic news is bad news" narrative continues to dominate the stock market.
- The recent stock rally is crumbling as inflation data shows the Fed still has more work to do.
- But data also shows the economy is strong, and that could help the US avoid a recession.
From a robust jobs market to strong consumer spending, the US economy has been getting a lot of good news lately.
But investors aren't cheering for a strong economy. In fact, markets are behaving like they want the opposite, with stocks mired in a deep sell-off as upbeat data suggests more aggressive moves by the Federal Reserve.