The data’s clear—recession’s landed, and markets can’t dodge it much longer. Free fall’s coming—watch it play out.

Plenty of folks aren’t talking about how fast the economy’s sliding and GDP Now’s crashing hard right now. Atlanta Fed’s latest Q1 nowcast shows real personal consumption expenditures growth at zero after dropping from 1.3% and real private fixed investment growth at 0.1% after falling from 3.5% based on Census Bureau and ISM numbers out this morning. Prices are climbing with CPI at 2.6% and Trump’s tariffs are set to kick in April 2 making it a mess nobody’s ready for.

Consumption’s stuck at zero growth after falling from 1.3% and investment’s barely at 0.1% down from 3.5% tied to Census retail sales stalling and ISM manufacturing at 48.4 below the 50 line for expansion. GDP Now’s at -2.8% off from -1.5% last week and X posts are saying “After this morning’s releases it’s over” with recession written all over it. The numbers aren’t hiding and this is real trouble hitting folks where they live.

Trump said today that tariffs will go on external product on April 2 telling farmers to sell inside the U.S. piling 25% on Canada and Mexico atop a $1.833 trillion deficit from 2024 that’s already shaky. S&P 500’s free cash flow yield’s at 2.4% which is the lowest in over 20 years per Bloomberg while equity markets took a 2% hit with the Dow off 2.1%. Treasuries are firming with the 2-year yield at 4% up 40 basis points this week. Markets aren’t waiting and that yield says stocks are on thin ice.

Prices keep going with CPI at 2.6% in October and PCE at 2.7% September rising as GDP Now drops to -2.8%. Consumption’s zero growth comes from retail sales and ISM’s 48.4 shows factories slowing while investment’s 0.1% drop matches construction spending fading from $1.62 billion through September. That 2-year yield at 4% marks treasuries as the safe play again. It’s piling up with spending gone and prices holding while bonds see the trouble plain.

The Fed’s got no easy move with GDP Now’s -2.8% nudging rut cuts but PCE at 2.7% keeping rates steady since July. S&P yield at 2.4% which is the lowest since 2000 sits with a 2% market drop after Trump’s tariff news hit today. X flags it with “$SPX is about to free fall” and hedge funds started dumping last week. This isn’t slowing and recession’s here with stocks next to feel it.

Time’s running out with GDP Now at -2.8% and consumption at zero and investment at 0.1% and CPI at 2.6% and tariffs hitting April 2 and S&P yield at 2.4% and markets off 2%. Treasuries at 4% stand steady while housing’s 847,000 unsold homes from February kicked this off and it’s rolling fast now. The data’s clear and recession’s landed while markets can’t dodge it much longer. Free fall’s coming and watch it play out.