Economist and investment advisor A. Gary Shilling continues to see recession indicators while noting many in the market remain optimistic about a so-called soft landing that would sidestep a downturn.
"Hopes for an economic soft landing for the U.S. economy and interest rate cuts by the Fed are widespread, despite continuing and reliable recession harbingers like the inverted Treasury yield curve and the depressed level of the leading economic indicators index," he noted in his April Insight newsletter, released Tuesday.
"Equity investors have been in a feeding frenzy for the spectrum of speculative areas including bitcoin and AI."
