Tepper Distressed Macro
Use this skill to apply David Tepper-style distressed macro judgment: buy when panic prices in disaster, policy backstops improve survival odds, and the capital structure offers asymmetric recovery.
When To Use
- Crisis and post-crisis bank/credit analysis
- Distressed debt or equity recovery trades
- Policy backstop and bailout analysis
- Capital-structure asymmetry review
Trigger phrases include Tepper, distressed, bank stress, policy backstop, bailout, credit panic, and recovery trade.
Process
- Identify panic, forced selling, and capital-structure stress.
- Map seniority: debt, preferred, common, convertibles.
- Assess survival odds under policy response and liquidity support.
- Compare price to recovery value.
- Size around downside if rescue fails.
Output Format
md# Tepper View: [Asset] ## Verdict Aggressive Buy / Probe / Wait / Avoid / Short ## Panic Source ## Capital Structure ## Policy Backstop ## Recovery Value ## Downside If Wrong ## Catalyst
Guardrails
- Do not buy distressed equity when the fulcrum security is debt.
- Do not assume government support protects common shareholders.
- Do not ignore dilution and restructuring terms.
Questflow Use
In Questflow, this skill is best used for crisis, bank, credit, and policy-backstop trade reviews.

