Worrying about a hard landing

The Fed is staying hawkish in the face of an ever-cooling economy

I wrote last time that I was growing concerned about the economy, and I was looking for the Fed to start jawboning some dovish comments. The biggest risk to equities is now that the Fed remains overly hawkish in the face of weakening data, and sends us into recession.

Payrolls are coming out Friday. Recent economic data leads me to suspect we will get a …