๐บ ๐๐ข๐ ๐๐ข๐ฅ๐ฅ, ๐๐ข๐ ๐๐๐ญ: ๐๐ก๐๐ญ ๐๐ซ๐ฎ๐ฆ๐ฉโ๐ฌ โ๐๐ง๐ ๐๐ข๐ ๐๐๐๐ฎ๐ญ๐ข๐๐ฎ๐ฅ ๐๐ข๐ฅ๐ฅโ ๐๐๐๐ฅ๐ฅ๐ฒ ๐๐๐๐ง๐ฌ ๐๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ๐ฌ
Stephen Davies, CEO of Javelin Wealth Management, joined CNA to unpack the market implications of Trumpโs newly passed One Big Beautiful Bill Act, what it means for debt, markets, and investors.
The bill is a bold wager: that US economic growth will outpace an estimated $3.4 trillion increase in debt and deficits over the next 10 to 15 years.
Despite concerns around US assets, Steve reminds us:
โIt’s the biggest capital market in the world, bar none, and the US dollar is the only reserve currency of any consequence worldwide.โ
The key is to watch the bond market, not the Feds. The 30 and 10-year US Treasury yields will set the tone.
Watch the full interview here: https://www.channelnewsasia.com/watch/us-policy-uncertainty-market-volatility-new-norm-strategist-5225691