Tightening into monetary contraction, a soaring dollar and a deeply inverted yield curve are prelude to market crash

We just came off a month, where for the first time since April 2020, both the U.S. unemployment rate went up and capacity utilization rates went down (each by 20 basis points). Available supply is now outpacing demand by a three-to-one margin as the output gap begins to widen. The 8.3-per-cent inflation rate is set to melt like an ice cream bar on a Houston sidewalk in the middle of July. Rents? Please, a lagging indicator and already yesterday's story. Wages? Sure thing, they have been running behind prices each and every month since April 2021. Give it a break.