Here are the top-performing stock market sectors in a debt ceiling showdown
The risks of the stock market seeing the US slide into a debt default are uncomfortably high, but pockets of the market historically perform relatively well as lawmakers wrangle over the country's borrowing limit, according to Morgan Stanley.
Diving into S&P 500, the firm found the energy and utilities sectors were the top relative performers heading into a resolution. The energy group in three and two months before deals were reached posted returns of 4% and 6%, respectively, returning 3% in the month before a deal.
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