Monday Macro – the contrarian bet on an impending US recession

I spin through the bearish arguments and data points suggesting an impending US slowdown or recession. I’m not convinced, though.

Programming note: I'm off for two weeks at the end of this week on business trips or holidays. There will be no letters for the weeks commencing 17th and 24th June.

For investors who track the big macroeconomic indicators, the next few days will be a fun-packed week, with all eyes on the crucial US market. The key event? The Fed meeting. Although most of…