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

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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.

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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.

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