Many investors are worried about a recession. Or The Federal Reserve easing too fast. Or not fast enough! And then we have the upcoming election . Buckle up, my fellow contrarian. Fair enough. But let’s remember that 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.… Read more