May 1 could be crucial. Its when Illinois is skedded to sell bonds. Back in the 70s the mkt rejected a NYC bond deal that led to the financial crisis. Could be a repeat.

I believe May 1 could be crucial. Its when Illinois is skedded to sell bonds. Back in the 70s the mkt rejected a NYC bond deal that led to the financial crisis. Could be a repeat. WSJ column via @biggsag https://t.co/JlAdh1QpTY via @WSJ

— Charles Gasparino (@CGasparino) April 25, 2020