Is “soft landing” the Fed’s worst call ever? As fear escalates, vol will spike and then the robo deleveraging will begin.

Typically when the Fed hikes rates it’s 25 bps at a time in a strong economy.

Now we have:

1. 50-75 bps rate hikes

2. 70% of tech stocks in a bear market

3. $SPX in a correction

4. 40-year high inflation

5. Worst war since WW2

Is “soft landing” the Fed’s worst call ever?

— The Kobeissi Letter (@KobeissiLetter) April 24, 2022

Most global rate hikes since 2008:https://t.co/ltuNXQpGrh

Highest inflation since 2008

Biggest housing bubble since 2008

Biggest recession stock rally since 2008

Most institutional selling since 2008

Biggest Fed policy error since 2008

It all points to a soft landing. pic.twitter.com/wWxwtET5k3

— Mac10 (@SuburbanDrone) April 25, 2022

#Recession #warnings are rising which could limit the #Feds #inflation fight.
Besides the yield curve, other indicators are suggesting the economy is at #risk. https://t.co/Dilzo2NMTi

— Lance Roberts (@LanceRoberts) April 25, 2022

Friday was the highest total put/call ratio since March 2020.

The first signs of fear.

As fear escalates, vol will spike and then the robo deleveraging will begin.

What I call SYSTEM TEST. pic.twitter.com/t5i1u73dhm

— Mac10 (@SuburbanDrone) April 25, 2022

https://twitter.com/David_Schro/status/1518566156264685568

#ES_F $SPX $SPY – Back pressuring that 'Neckline'… pic.twitter.com/egCGKCPY7I

— Sahara (@SaharasCharts) April 25, 2022

https://twitter.com/WallStreetSilv/status/1518014005612359680

Expect More Stock Market Pain Because It’s Coming

Today feels bad for bulls but it is not even a down payment on what’s coming.

Bond Danger Builds With Fed Set to Break From Its Cautious Past

The bond market, St. Louis Fed President James Bullard said on Thursday, “is not looking like a very safe place to be.” Few investors would argue with that — except, perhaps, to call it an understatement.