Many investors are worried. About a hard economic landing. The Federal Reserve keeping rates high. The 2024 election. Fair enough. Fortunately, the headline worries are usually priced in. The popular “threatdown” rarely thwarts the market. On the other hand, we contrarians fret about the scenario that may come out of left field. We worry not about a hard landing. Or a soft landing. The underappreciated risk is the no landing that reignites inflation. Rates down, assets up—let the good times roll! It will be fun for a while. Until prices skyrocket again . Fed Chair Jay Powell has officially pivoted from his hawkish stance.… Read more