debt ceiling

Markets are eerily calm. Stock volatility is low, and the Vix fear gauge has plunged to pre-pandemic levels. But is this the quiet before the storm?

With the US debt ceiling now resolved, some fear that replenishing the Treasury’s coffers could rattle the serenity of markets. Others fret about heightened macroeconomic uncertainty. So are markets too complacent?

And in today’s Dumb Question of the Week: How do minimum volatility funds work? And do they work?

Selected links

• Certainly Uncertain - AQR Capital Management

---

Get in touch

📧 mhr@pensioncraft.com

🎧 many-happy-returns.captivate.fm

---

Join PensionCraft

🌐 Become a member at pensioncraft.com

▶️ Subscribe on YouTube

---

Disclaimer

This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice.

Copyright 2023 Many Happy Returns

Your morning briefing. The news you need in just 15 minutes.
On today's podcast:

1) Debt-Limit Deal Clears Congress

2) Stocks Gain Ahead of Key US Jobs Data

3) Jamie Dimon Plans Taiwan Visit After China Trip 

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Congress passes a deal on the debt ceiling, ending the risk of a default.

(2) Goldman flags a 25% drop in trading revenue as job cuts loom.

(3) JP Morgan CEO Jamie Dimon heads to Taiwan after a high-profile trip to China.

(4) Former Labour Leader Neil Kinnock tells us Starmer won't need a coalition. 

See omnystudio.com/listener for privacy information.

The House passes a budget agreement that defers the debt limit, stopping the potential for default, the LA Dodgers remain in hot water after several MLB players speak out against the team's decision to host an anti-catholic drag group, and Angelenos are blaming George Gascon’s policies for two recent murders. Get the facts first with Morning Wire. 

Boll & Branch: "Save 15% off your order with promo code WIRE https://www.bollandbranch.com/?utm_source=podcast&utm_medium=Radio&utm_campaign=WIRE"

American Home Shield: Save $50 when you join American Home Shield. Visit http://www.ahs.com/WIRE

Birch Gold: Text "WIRE" to 989898 for your no-cost, no-obligation information kit.

Krystal and Emily discuss the critical vote on the Debt Ceiling occurring today, Conservatives threatening an ouster of McCarthy over his handling of the deal, a Chinese jet buzzes a US pilot in a Near Miss, a secret poll showing Abortion crushing Republicans in swing states, Media Elites downplay Millennial Misery, Krystal and Emily debate whether Ted Cruz is really a Gay Ally after his tweets supporting Ugandan LGBTQ, Emily looks into James Comey's crazy defense of the corrupt FBI, and Krystal looks into DC celebrating the record Pentagon slush funds.

To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.com/

To listen to Breaking Points as a podcast, check them out on Apple and Spotify

Apple: https://podcasts.apple.com/us/podcast/breaking-points-with-krystal-and-saagar/id1570045623

Spotify: https://open.spotify.com/show/4Kbsy61zJSzPxNZZ3PKbXl

Merch: https://breaking-points.myshopify.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

See omnystudio.com/listener for privacy information.

In this episode, Patrick Bet-David and Myron Gaines will discuss:

• Elon Musk’s Neuralink
• Why Joe Biden Is Not Mentally Fit To Be President
• Russia Issuing An Arrest Warrant For Top Republican
• Trump's Allegations

FaceTime or Ask Patrick any questions on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://minnect.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Want to get clear on your next 5 business moves? ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://valuetainment.com/academy/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Join the channel to get exclusive access to perks:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/3Q9rSQL⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Download the podcasts on all your favorite platforms⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bit.ly/3sFAW4N⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

McCarthy cut a normal deal with Biden when the GOP caucus couldn't agree on what to demand—beyond just shouting and pounding the table. Plus, missing Brezhnev, waiting for a haymaker, and DeSantis is angry and weird, but not as dangerous as Trump. Tom Nichols joins Charlie Sykes today.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Kevin McCarthy and Joe Biden come to a compromise on the debt ceiling – after three months of Biden pledging not to negotiate; corporate America prepares for the Holy Month of Pride; and the Trump vs. DeSantis primary heats up.

Click here to join the member exclusive portion of my show: https://utm.io/ueSEj

Ep.1735

- - - 

DailyWire+:

Get 25% of your DailyWire+ membership with code TRUTH: https://bit.ly/3VhjaTs

Shop all Jeremy’s Razors products here: https://bit.ly/3xuFD43 

Get your Ben Shapiro merch here: https://bit.ly/3TAu2cw

 - - - 

Today’s Sponsors:

ExpressVPN - Get 3 Months FREE of ExpressVPN: https://expressvpn.com/ben

PureTalk - Switch to PureTalk and get 50% off your first month! https://www.puretalkusa.com/landing/shapiro 

Ruff Greens - Get a free Jumpstart Trial Bag at http://www.FreeRuffGreens.com/Ben, or call 833-MY DOG 33

Blinds - Get up to 45% off select products during the Memorial Day Sale: https://www.blinds.com/

ZipRecruiter - Try ZipRecruiter for FREE: https://www.ziprecruiter.com/dailywire

Innovation Refunds - Learn more about Innovation Refunds at https://getrefunds.com/. 

- - -

Socials:

Follow on Twitter: https://bit.ly/3cXUn53 

Follow on Instagram: https://bit.ly/3QtuibJ 

Follow on Facebook: https://bit.ly/3TTirqd 

Subscribe on YouTube: https://bit.ly/3RPyBiB 

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Krystal and Saagar discuss the Republicans humiliated in Debt Ceiling fight as they get much less than they thought, Conservatives revolt against McCarthy's deal making, DeSantis goes on Ben Shapiro to trash Trump on Fauci, Mail in Voting, and Leftist Talking Points, Lawyer caught using ChatGPT with Fake Cases, Low paying jobs fleeing big cities, CNN admits new Biden Poll numbers are "Horrible", Saagar looks into the history of the fake AAPI month, and Krystal looks into the corrupt Bro-mance between Elon Musk and Ron DeSantis.

To become a Breaking Points Premium Member and watch/listen to the show uncut and 1 hour early visit: https://breakingpoints.supercast.com/

To listen to Breaking Points as a podcast, check them out on Apple and Spotify

Apple: https://podcasts.apple.com/us/podcast/breaking-points-with-krystal-and-saagar/id1570045623

Spotify: https://open.spotify.com/show/4Kbsy61zJSzPxNZZ3PKbXl

Merch: https://breaking-points.myshopify.com/

Learn more about your ad choices. Visit megaphone.fm/adchoices

See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week, including a preview of the US May Jobs Report, a look inside to the Treasury Department's Payment Structure as Congress continues their debt ceiling standoff, what China's PMIs is telling us about China's economic recovery, and why ECB bankers are looking forward to the upcoming inflation data. 

See omnystudio.com/listener for privacy information.