Friday Workout — Wall of Worry; Rollercoasters Rides; Gambling in DC

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Friday Workout — Wall of Worry; Rollercoasters Rides; Gambling in DC

Chris Haffenden's avatar
  1. 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.”

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