Morgan Stanley strategist Mike Wilson finally capitulated and apologized for getting the market wrong the last nine months.
A sharp correction is highly likely, and things will get pretty bumpy.
There's much less leverage in the financial system with the current slump than there was with the subprime mortgage collapse.
In an awful year for crypto, bitcoin couldn't even get a bump after great news.
If this is a recession, it's a strange one.
If not even one of the hottest job markets in history can cheer up consumers, then an economic downturn looks inevitable.
Rising prices are initially good for the economy because activity tends to pick up and wage growth accelerates.
Bearish arguments are compelling because they sound smart. That's what makes them seductive to novice investors.
Prices of hard assets are rising fast and financial assets are dropping, ratcheting up the misery.
There isn't a lot of dumb money in the commodity markets, but there is in the stock market.
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