Friday Workout — Wall of Worry; Rollercoasters Rides; Gambling in DC
- Chris Haffenden
•14 min read
Markets emerging from a bear period are often said to trade on a wall of worry. While ongoing fears are real and not imagined — such as the health of US banks after the collapse of SVB and First Republic — and now the US debt ceiling talks, they can still rally notwithstanding.
As my former head of trading at Barclays Capital liked to say: “Armageddon rarely happens.”