The congressional 'super committee' could quickly become a super-sized headache for markets if it doesn't show progress by its Thanksgiving-eve deadline.
Investors are decidedly negative in their view of the bi-partisan committee, as they remember the high level of political rancor surrounding the debt ceiling debate and the subsequent downgrade of the U.S. credit rating last summer.
Fifty percent of the investors polled by Citigroup said they expect the bi-partisan committee to fail in its efforts to find $1.2 trillion in deficit reductions over 10 years.
"It is a clear and present danger for markets," said Deutsche Bankchief U.S. equity strategist Binky Chadha.
"I think the market is still in a very defensively underweighted position. I think if we get a decent deal out of the super committee that would be very positive for the market," he said. "Our baseline view is we will get a deal and it will be modest."
Page 1 of 6 | Next Page