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…
