2024-04-25 13:22:56 ET
Summary
- The soft landing narrative is dead as GDP growth falls below expectations and inflation rises.
- Traders are removing rate cuts from the outlook, leading to higher nominal Treasury rates and a stronger dollar.
- Rising rates and tightening financial conditions pose a significant risk to the equity market.
Now, the soft landing narrative is dead.
Last month, the disinflation narrative died , and today's GDP report killed the hopes of the soft landing narrative. It's becoming clear that there will be no soft landing, and stagflation is tightening its grip....
Read the full article on Seeking Alpha
For further details see:
U.S. GDP Report Shows Stagflation Is Tightening Its Grip