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Michael Ball

Michael Ball

Editor of Argus Air Daily at Argus Media, covering North American environmental and carbon markets

Jul 17, 2026

8:15
... what does it do to my 401[k]?
8:17
Yeah, look, equity financing is actually coming up into conversation again because this is a lot of balance sheet constraints on the banks who helped, not only help the paper come to market through IPOs, but then actually lend to the, you know, not only buy side, but other areas of the market to borrow and basically buy stocks, and that is coming under more pressure.
8:32
Are we asleep about any instabilities to come up here? I mean, in, in personal finance, retirement, wealth management, are we all asleep right now?
8:40
So right now as the macro picture stands with growth and inflation where it is, I think we can expect maybe a reverse of the Powell cuts and maybe a, a subsequent maybe 75 basis points of hikes just to reset the le- levels and basically get, um, markets, you know, even.

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