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

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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