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Morgan Stanley says US debt ceiling debate is a "lose-lose for markets"
Morgan Stanley’s US equity strategist Michael Wilson says the the debate around raising the US government’s borrowing limit will trigger sharp swings in equity markets.most clients “believe it will ultimately get resolved, but not without some near-term volatility”many have framed the event as “a lose-lose for markets.”when the US Treasury’s cash runs out it could potentially squeeze liquidity and lead the S&P 500 lower, “given the index’s sensitivity to changes in liquidity in recent history.”W...
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Posted: May 16 2023, 00:17
Author Name: forexlive
Views: 081577