Why Slowing Growth Does Not Support The Conclusion Of A Recession

<p>Garrett Melson notes that broad measures of slowing growth do not support the conclusion of a recession. He says the rally from June lows is what you'd want to see for a soft landing, as the robust July jobs report likely means another 75bps hike is in the cards. Melson also mentions that multiples have certainly re-rated to a tighter policy backdrop. </p><p><br></p>