Stock investors are 'delusional' to think the Fed can pull off its 'mission impossible,' says PNC's chief investor

• Stock investors are delusional if they expect a "no landing" scenario, PNC's Amanda Agati says.
• The Fed can't conquer inflation without triggering a recession, the bank's chief investor says.
• Agati points to the inverted yield curve as a warning sign that an economic downturn is looming.

Stock investors are dreaming of a "no landing" scenario where the Federal Reserve reins in price growth without tanking the economy. They could face a harsh reality check soon, one strategist has warned.