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88% of Americans eat turkey tomo... less "consensus" than % who see recession in 2023. Markets are not "fighting the Fed" if inflation is set to cool.

Monday
SKIP TUESDAY
Wednesday
SKIP THURSDAY
SKIP FRIDAY <– THANKSGIVING

EATING TURKEY IS CONSENSUS: Belief in a "hard landing" as ubiquitous

The conviction that the US is hurtling towards/or already in a recession is ubiquitous. Many can cite a litany of statistics such as:

inverted curve, Fed hikes so fast and so high, it is going to break something, plunge in PMIs, collapse in CEO sentiment,commodity price movementsinflation will take "years to control" earnings estimates will fallS&P 500 ...

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