📺 𝐁𝐢𝐠 𝐁𝐢𝐥𝐥, 𝐁𝐢𝐠 𝐁𝐞𝐭: 𝐖𝐡𝐚𝐭 𝐓𝐫𝐮𝐦𝐩’𝐬 “𝐎𝐧𝐞 𝐁𝐢𝐠 𝐁𝐞𝐚𝐮𝐭𝐢𝐟𝐮𝐥 𝐁𝐢𝐥𝐥” 𝐑𝐞𝐚𝐥𝐥𝐲 𝐌𝐞𝐚𝐧𝐬 𝐟𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭𝐬
Stephen Davies, CEO of Javelin Wealth Management, joined CNA to unpack the market implications of Trump’s 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:
“It’s the biggest capital market in the world, bar none, and the US dollar is the only reserve currency of any consequence worldwide.”
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