Here are stocks to own to take the debt ceiling, bond market out of your investing equation
Construction employees construct the “Signature Bridge,” changing and enhancing a busy freeway intersection at I-95 and I-395 on March 17, 2021 in Miami, Florida.
Joe Raedle | Getty Images
Are the travails of the bond market, like Macbeth expounds, a “story instructed by an fool, full of sound and fury, signifying nothing?”
As we grapple with the entire edifice of mounted earnings, the existential disaster of Treasurys, the multitrillion-dollar market that the story is predicated on, I’ve come to marvel what bonds actually are signifying and whether or not they even matter to our portfolios. I do know that is a radical proposition, however hear me out.
We want to metal ourselves to what might come from a failed set of debt ceiling talks between President Joe Biden and the half of the authorities which may solely nominally be run by House Speaker Kevin McCarthy. The two are set to resume negotiations Monday, with a attainable historic authorities default as early as 10 days away.