I don’t see a soft landing to be feasible, notes Ali Meli. He discusses the case against a soft landing. He talks about how the largest contributor to instability is the size of Federal budget deficits. He highlights that a recession doesn’t mean rate cuts and he remains skeptical about recent “positive” economic data. He goes over how deficit spending creates instability and he expects a period of higher rates for longer. Tune in to find out more about the stock market today.