Biden and Kevin McCarthy
Investors need to shield their portfolios by buying bonds with the debt-ceiling standoff set to go down to the wire, a JPMorgan strategist warned Sunday.
  • Investors should buy Treasurys with debt-ceiling negotiations set to go down to the wire, according to a JPMorgan strategist.
  • The Biden administration and the House of Representatives held talks about resolving the stand-off at the weekend.
  • "They are running out of time… there's just not that many days left to negotiate," Alex Wolf told Bloomberg TV.

Investors should dump stocks and buy bonds because the debt-ceiling standoff may not be resolved in time to prevent a government default, according to a top JPMorgan strategist.