Sign up to save your podcasts
Or
Share The DC Today - Wednesday, May 17, 2023
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
The DC Today - Wednesday, May 17, 2023
Today's Post - https://bahnsen.co/3OnePfQ
So markets rallied hard today as both sides in this Biden/McCarthy negotiation assured listeners that a default won’t happen. Here’s the lay of the land in the debt ceiling debate:
It is fair to say “deadlines” thrown out for various actors in this are more bark than bite – negotiating tactics and all that stuff.
No one can really say when they have to start prioritizing payments because they don’t know what exactly June 15 tax receipts will look like.
There will be lots of “rounds” in this negotiating process
The White House largely believes it is more to their political benefit to be seen as getting a deal done than to be seen as fighting with the Republicans
Noise is not material to a portfolio. One need not know what happens between now and whatever the X date is to know that on the other side of the X date, it will be like this noise never happened.
For us contrarians, it is worth noting that cash levels are now the highest they have been all year and bond allocations are the highest they have been since 2009. And the recent Bank of America survey had money managers the most pessimistic as they have been all year. Keep this up, and we may end up seeing a full-blown boost of economic expansion … =)
Links mentioned in this episode:
TheDCToday.com
DividendCafe.com
TheBahnsenGroup.com
View all episodes
By The Bahnsen Group
4.9
564564 ratings
Today's Post - https://bahnsen.co/3OnePfQ
So markets rallied hard today as both sides in this Biden/McCarthy negotiation assured listeners that a default won’t happen. Here’s the lay of the land in the debt ceiling debate:
It is fair to say “deadlines” thrown out for various actors in this are more bark than bite – negotiating tactics and all that stuff.
No one can really say when they have to start prioritizing payments because they don’t know what exactly June 15 tax receipts will look like.
There will be lots of “rounds” in this negotiating process
The White House largely believes it is more to their political benefit to be seen as getting a deal done than to be seen as fighting with the Republicans
Noise is not material to a portfolio. One need not know what happens between now and whatever the X date is to know that on the other side of the X date, it will be like this noise never happened.
For us contrarians, it is worth noting that cash levels are now the highest they have been all year and bond allocations are the highest they have been since 2009. And the recent Bank of America survey had money managers the most pessimistic as they have been all year. Keep this up, and we may end up seeing a full-blown boost of economic expansion … =)
Links mentioned in this episode:
TheDCToday.com
DividendCafe.com
TheBahnsenGroup.com
More shows like The Dividend Cafe
View all
Renewing Your Mind
5,214 Listeners
The Briefing with Albert Mohler
8,695 Listeners
Ask Pastor John
3,961 Listeners
White Horse Inn
2,198 Listeners
5 Minutes in Church History with Stephen Nichols
1,710 Listeners
Mortification of Spin
845 Listeners
Breakpoint
3,107 Listeners
The World and Everything In It
7,180 Listeners
Plodcast
996 Listeners
Compelled - Christian Stories & Testimonies
1,067 Listeners
Simply Put
1,436 Listeners
Life and Books and Everything
641 Listeners
Capital Record
453 Listeners
Morning Wire
26,684 Listeners
Things Unseen with Sinclair B. Ferguson
1,565 Listeners