John Authers, Columnist

Why Stock Market Bears Have Thrown in the Towel

Belief in a hard landing in the US is over. Doubters may now predict a soft one, but markets are positioned for no landing at all.

It’s over.

Photographer: James Chance/Getty

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Click here for a half-hour livestream discussion on YouTube about the Year of Descending Dangerously project on interest rates, or here to watch it on X (formerly known as Twitter); and for a two-minute TikTok take (with lots of mountain scenery), click here.