Are Investors Being Too Complacent About the Deficit? 

“I can assure you that the stories you hear about this man, if nothing else, have been watered down." — John Wick, Chapter 2

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If investors ignore the deficit Baba Yaga, does it go away? 

Since the House passed Trump’s One Big Beautiful Bill on May 22, the S&P 500 has added 3.3%, even though the bond market hasn’t been as easy going. But then last week Tesla Chief Executive Elon Musk’s meltdown reminded money managers of it again.

The potentially defi...

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