Global air traffic just hit the highest level in five years. And Top Gun: Maverick was last year’s runaway box-office leader. One or both of these factors surely explains Wall Street’s soaring use of pilot lingo to describe the economy and stock market. I need aviator glasses just to get through my email.
A “soft landing for the U.S. economy is still very much on the table,” writes the financial flight crew at
But we can’t rule out a “hard-landing recession, induced by more than two additional Federal Reserve rate hikes.” That part makes my jumpsuit ride up.