
MacroVoices #387 Jeff Snider: On Deflation and Soft Landing
Macro Voices
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The Bear Market Bottom Is Not In
Jeff Yang: The bear market bottom is not in. This is a bear market rally. We're way past the 61.8% February tradesmen. I mean, what are we waiting for to see a reversal at the 99 and 44 100% point? He says right now when you look at the macroeconomic data, there's enough ambiguity that this is definitely more than an economic soft landing.Yang: It looks like we're headed to new all time highs and everything's better. But I think you and I agree that everything's not really better. What does the market think it is? Well, I think the market loves what the soft landing scenario presents.
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