Top JPMorgan analyst maps 5 ways America's debt crisis could unfold—and the 'best case' is still alarming - Fortune
Macro
A JPMorgan analyst has outlined five scenarios for the US debt trajectory, with even the 'best case' implying structurally elevated deficits and rising interest costs. The setup pressures long-duration Treasuries, supports gold and short-USD proxies, and raises the floor on long-term yields.
0 reads·3 theses
Angle
↔ PAIR-8% target+4% stop1-3 months, tactical trend
Short TLT / avoid TMF as US debt-spiral narrative hardens — long GLD as the structural hedge with the cleanest setup.