Summary
- With the Federal Reserve approaching the tail end of an aggressive interest rate hiking cycle, investors have been bracing for a hard landing.
- The stock market has stabilized and risen since last October (S&P +13.7%) but has also hit a temporary air pocket last month (-2.6%).
- Although currently, there are many financial crosswinds swirling, the good news is that in the near term, the economy has been maintaining its elevation and there is no imminent sign of a hard landing.
For further details see:
From Hard Landing To Soft Landing To No Landing?