To get all my recommendations, VISIT ME HERE if you are not already a Member! August 4, 2024 Greetings, Michael, As if someone flipped a switch, we saw in a less than 48 hour period this past week one of the most abrupt changes in market sentiment and attitudes toward the future landscape as anything I ever remember witnessing. A sudden drop in risk asset prices, of course, comes along every now and then but doesn’t necessarily tell us anything that different about the way forward. The underlying economic backdrop may stay the same (and usually does.) This time feels different. A fair bit of s**t appears finally ready to hit the fan more so, as evidenced by markets being hit upside the head by multiple bricks this week: and as the consensus outlook suddenly lurched from a muddle-through existence for the economy–a “soft landing”–all the way to “OMG, How bad is the recession going to be, since the Fed is AGAIN behind the curve?” | 
