How investors are preparing for a debt ceiling standoff | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The US government is set to hit its self-imposed borrowing limit today -- and both Wall Street and Washington are hoping for a resolution

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.

But even so, he said, investors should be prepared for a “worse outcome.” Kelly suggests that traders prepare a “debt-ceiling disaster emergency kit” which could include real assets and high-quality international stocks and bonds, denominated in foreign currencies. Even if disaster is averted, it’s not a bad idea to keep the so-called kit on hand, said Kelly. “Given still relatively cheap overseas valuations and the current under-exposure of U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

therealdonaldtrump would be cutting rates and pushing the FED hard, I.e. should’ve cut by 225 BP, not raised 225 BP. Hello Japan…

Since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend, or revise the definition of the debt limit – 49 times under Republican presidents and 29 times under Democratic presidents.

My pray is that you should start talking about Jesus’s second coming because he is very soon. Discover wats on river Euphrates right now and relate it to bible and tell world the truth

Default is the only way.

Good. Maybe it’s time to stop spending and borrowing. Start cuttting

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street investment banking slammed, as execs hope for more confidence aheadWall Street banks showed deep falls in their investment banking businesses in the fourth quarter, prompting thousands of job cuts, but executives are looking for signs that corporate CEOs are regaining confidence in doing deals again.
Source: Reuters - 🏆 2. / 97 Read more »

Wall Street's 'fear gauge' flashes warning that stocks might be headed off a cliffWall Street's fear gauge falls to its lowest level in months, and Wall Street strategists worry it could be a warning that the latest stock-market rally is...
Source: MarketWatch - 🏆 3. / 97 Read more »