You need a PLUS account to view this content. Try one month of PLUS for FREE.
Already have an account? log in
Fade The Neon Swans?
There's "neon swan" potential lurking in America's debt ceiling crisis.
Notwithstanding one former president's unorthodox views on the matter, most believe a US default would be unequivocally and unavoidably disastrous, and that such a catastrophe, were it to occur, would risk transforming recent adverse developments in the banking sector into an overlapping crisis.
If a worst-case scenario were to unfold, the Fed would pretty clearly be compelled to cut rates, which explains the persistence o
Not systematically tracking it, but seeing weakness in industries with high federal government revenue mix – defense, life science, etc. I’d imagine that will provide a trade when the debt ceiling is resolved.
We’ve discussed the merits of mega-tech in a debt ceiling crisis. Another trade?
Long-duration, large-cap as well.
I’ve heard Judy Collins sing this here in KC, twice.
” … Send in the clowns
Don’t bother they’re here …”