2011 saw the last major Washington DC showdown over the debt ceiling. From a market perspective, the politics ultimately triggered a spike in US CDS, a major drawdown in US equities, and a downgrade of the US Sovereign Credit Rating. This time around, the stage appears similarly set politically, with markets appearing equally vulnerable.
On Tuesday at 10am, JT Taylor and Financials sector head Josh Steiner hosted a discussion focusing on the Washington policy side and the market setup.
CLICK HERE for event replay (includes video and materials link).