Is The US Macro Bear Case Dead? Yes And No.

Is there any hope left for a macro bear case around the US economy? It's tempting to say "no." Or, actually, I'd frame it differently. I'd suggest US recession calls have mostly expired now (because a call with no shelf life isn't a "call"), and as such, intellectually honest forecasters unconvinced of the soft landing narrative are compelled to make a new case against it. The same goes for bearish equity market calls. The US recession didn't happen on time and stocks didn't revisit the Octobe

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