Make no mistake, the risk is real. Treasury Secretary Janet Yellen said Friday that the US will “have to default on some obligation” if Congress doesn’t raise debt limit. It’s just equity investors don’t seem to care.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of