A "No-Landing" Does Exist, Just A Hard Landing In The Future

Inflation data and earnings are driving stocks lower, says Kevin Gordon. He and Kathy Jones discuss how inflation data is impacting markets. Kevin notes that a "no landing" doesn't exist, it's just a hard landing further down the road. He says that the best-case scenario for the economy is for it to remain in a rolling recession. Kathy says that now that yields have risen, the market is discounting a "higher for longer" view. She mentions that we think monetary policy is already in restrictive territory and the outcome is likely to be further inversion of the yield curve, rising the risk of recession. Tune in to find out more about the stock market today.