Debt Ceiling Deal Risks, Soft Landing Ahead, and Will AI Save Silicon Valley Real Estate? 5/30/23

The Biden Administration and Congressional leadership hashing out a tentative deal to avoid a default, but what about the market risks? UBS’ Evan Brown says liquidity concerns are overblown. Consumer confidence slipped to a six-month low in May, but Moody’s Mark Zandi still says no recession ahead . And Wolfe Research says AI could renew optimism around Silicon Valley real estate, but Slow Ventures’ Sam Lessin says ‘that’s a bridge too far.’