Markets See Looming Recession – The Fed Sees “Softish” Landing

Market volatility in spades this week!  On Tuesday, markets were all a-twitter (oops, can’t use that word!) over the large and unexpected rise in April’s retail sales (+0.8%).  That sparked a +2.0% rally in the S&P 500.  What market commentators neglected to mention was that, when adjusted for price increases, the “real” number was negative […]