The hard data says the US economy is just fine

The so-called hard data, which refers to numbers about the economy such as unemployment and retail sales, continue to reflect economic strength.

However, stocks have struggled in recent months amid disappointing soft data, which includes corporate and consumer sentiment surveys.

Soft data is often seen as a leading indicator for the economy and the recent batch has stoked fears of a recession as the U.S.-China trade war drags on.

But those fears may be overblown as the hard data shows the U.S. economy remains strong.