Tapped Out

Alarming new macroeconomic data continues to reinforce my stance that a rug pull lower in markets could still be on its way.

The market, once again, held up enough last week to offer the illusion that we could be heading towards a soft landing - and that the Federal Reserve’s strategy of rate hikes isn’t maiming the economy or the market.

But I continue to believe that this is not the case in reality, and that investors could be in for a rude awakening still. Evidence to support my thesis, in the form of new macroeconomic data, continues to stack up.