Joseph Adinolfi is a markets reporter at MarketWatch.
Economists polled by The Wall Street Journal believe the U.S. economy is coming off its hottest summer stretch since 2020.
“What comes next is the end of the ‘soft landing’ and the natural transition to the ‘hard landing.’ We have no intention of dropping the recession call now any more than when I was under similar pressure to do so in the fall of 2000 and spring of 2007,” Rosenberg said in a note from Rosenberg Research shared with MarketWatch on Tuesday.
What’s more, some of the more obscure data and surveys that have been released over the past month seem to contradict the strength of the September jobs report and the Census Bureau’s latest reading on retail sales. “This month, I will highlight why we’re growing increasingly concerned about the economic outlook at a time when the consensus is shifting more optimistic,” Daco said in his latest monthly outlook, released Tuesday.
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