stocks struggled for direction Monday, trading near unchanged, as investors weigh stronger-than-expected data on durable-goods orders after equities bounced last week on expectations a slowing economy could limit the magnitude of Federal Reserve rate increases.

“Stocks can’t win right now, either the economic data softens and the economy is much weaker than we thought or robust readings pave the way for the Fed to be more aggressive with their inflation fight,” said Edward Moya, senior market analyst at Oanda, in a note.

Stocks bounced last week in a move analysts credited to expectations a slowing economy could see the Federal Reserve hike rates less aggressively than previously expected.

Driving that pricing seemed to be the much broader discussion — including from Federal Reserve Chair Jerome Powell — over the risks of recession,” wrote analysts at ING, in a Monday note.

JPMorgan quantitative strategist Marko Kolanovic published a note saying the market could rise 7% this week, due to the need for portfolios to rebalance as the month, quarter and first half closes.