Last week, financial markets absorbed a nearly unprecedented amount of information on the health of the economy and corporate America. It was just the eighth week in the past 708 (since January 2000) that the U.S. Department of Labor’s monthly labor market report, the Institute for Supply Management’s (ISM) monthly Report on Business, the Federal Reserve’s (Fed) Federal Open Market Committee’s (FOMC) statement and the first look at gross domestic product (GDP) for the prior quarter were all released in the same week. In general, the equity market took the data deluge in stride, with far less volatility than it had seen in the past when those four key economic events occurred in the same week…

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Revisiting the Recovery