Economic data lately can seem unusually confusing. Even though inflation has raised the cost of living significantly compared to two years ago, the economy continues to grow and the unemployment rate remains low even as some big companies announce job cuts. And while economic indicators point to a slowdown in the months ahead, the stock market doesn't seem to believe it. Confluence Market Strategist Patrick Fearon-Hernandez joins the podcast to talk about one data point that appears to be showing very strong numbers: private nonresidential construction.

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