EPISODE · May 4, 2023 · 8 MIN
[Outlook-in-Five] Looming Debt Ceiling Face-Off
from Bank of Singapore · host Bank of Singapore
In our latest podcast, Eli Lee, Bank of Singapore’s Head of Investment Strategy, shares the latest outlook for the US economy and what lies ahead for investors: X-date when US Treasury runs out of cash could potentially be in June-July 2023; earlier than expected. Bank of Singapore’s base case is congressional brinksmanship and a last-minute agreement; risk of a US debt default is unlikely. We could expect to see an increase in equity market volatility as investors discount the risk of a default. It may be sensible for investors seeking to hedge out near-term volatility to buy downside protection. Gold is an important diversifier for portfolios, given its role as a safe haven and a beneficiary of a weaker US dollar. Tune in to find out more…
What this episode covers
In our latest podcast, Eli Lee, Bank of Singapore’s Head of Investment Strategy, shares the latest outlook for the US economy and what lies ahead for investors: X-date when US Treasury runs out of cash could potentially be in June-July 2023; earlier than expected. Bank of Singapore’s base case is congressional brinksmanship and a last-minute agreement; risk of a US debt default is unlikely. We could expect to see an increase in equity market volatility as investors discount the risk of a default. It may be sensible for investors seeking to hedge out near-term volatility to buy downside protection. Gold is an important diversifier for portfolios, given its role as a safe haven and a beneficiary of a weaker US dollar. Tune in to find out more…
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[Outlook-in-Five] Looming Debt Ceiling Face-Off
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