Investors have now gone “all in” on the soft landing narrative, just like they did in 1989, 2000 and 2007. {image} Funny how they forget each time that “it’s all about the lags.” 'During the tightening cycle, the economy typically expands at its fastest pace, as it feeds off the lagged effects of the prior period of policy accommodation. It slows down precipitously in the two years that follow the END of the Fed tightening cycle.' But there’s one group that clearly hasn’t forgotten and that’s the folks in the c-suite. 'As a percentage of companies for which there has been any insider activity, those with net insider ... (full story)