THE LAST "SOFT LANDING" HOPEFUL THROWS IN THE TOWEL

Will the 'tourist mark the low?

This week, it felt as if the final remaining “soft landing” holdouts threw in the towel. It started with Tuesday’s CPI economic release which came in hotter than expected and splashed cold water on the idea the Fed would ease up on the brake. Then, on Thursday night, FEDEX’s CEO blindsided the street with a dramatic pre-announcement where he axed forwar…