Although some stock bulls want to see the economy slow to ease interest rate pressurebestnodepositonlinecasino, but "good news is still good news" for stocks, strategists led by Ohsung Kwon said in a note to clients on Monday.

"If inflation becomes stubborn because of economic momentum, that's not necessarily bad for the stock market,"bestnodepositonlinecasino"But stagflation is" bad news,"he wrote.

Kwon said this week's economic data, including retail sales and housing data, alone is not enough to influence market trends, but the overall narrative is important to the stock market.

After macroeconomic dominance over the past two years, markets have become increasingly driven by corporate profits.

Bank of America data showed that 53% of the S & P 500 's year-on-year return in March was driven by corporate profits.