Wall Street bear Mike Wilson warns stock market is headed for 'lose-lose' debt ceiling outcome

Wall Street bear Mike Wilson warns stock market is headed for 'lose-lose' debt ceiling outcome

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A Wall Street stalwart is expecting some sharp swings in the equity market as the clock ticks down until an agreement—or default—on the debt ceiling. The U.S. is edging closer to its $31.4 trillion borrowing limit every day and is supposedly “on track” to run out of cash by the first day of…

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