While by no means a certainty, the possibility of the Fed engineering a so-called soft landing is at play. On a less impactful basis, insiders may formulate their own soft landing. For the better part of the month, internal sentiment data from Vickers Stock Research has been trending lower — driven somewhat by lower transaction volume during earnings season, but more clearly by bearish spikes in response to surprise moves from Fitch and Moody’s clouding the US economic outlook. and the banking sector. But we are now seeing evidence of that gut feeling calming down as transaction volumes grow (with earnings season coming to an end).
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