Bloomberg Businessweek: Stacey Sears of Emerald Advisers on the Debt Ceiling and Earnings
Stacey Sears, Emerald Advisers Senior Vice President and Portfolio Manager of the Small Cap Growth Fund, was asked during an interview on Bloomberg Businessweek about the ongoing debt ceiling crisis in Washington and its impact on the markets. “We are likely in a trading range until we get some resolution to the debt ceiling, but the debt ceiling is the devil that we know to a certain degree. Everyone would prefer not to have to deal with the risk, but it’s not like we haven’t been here before,” said Sears. “I think the rhetoric surrounding the debate is likely to continue to create some volatility, but we ultimately expect it to be resolved, and the path forward is going to be driven by corporate earnings.” Listen to the interview (begins at 37:50).