# Tepper Distressed Macro

> Use when evaluating David Tepper-style distressed macro opportunities: crisis assets, policy backstops, capital structure, bank/credit stress, and asymmetric recovery trades.

- Skill: `questflowai/tepper-distressed-macro` (Agent Skill, multi-file: 2 files)
- Install (CLI): `npx skillmds@latest add questflowai/tepper-distressed-macro`
- Raw SKILL.md: https://api.skillmd.com/api/skills/questflowai/tepper-distressed-macro/raw
- Safety review: pending
- Works with: Claude Code, Claude.ai, OpenAI Codex
- Category: Coding & Dev Tools
- Author: questflowai (https://skillmd.com/u/questflowai)
- Updated: 2026-09-17
- Page: https://skillmd.com/skills/questflowai/tepper-distressed-macro

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# 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

1. Identify panic, forced selling, and capital-structure stress.
2. Map seniority: debt, preferred, common, convertibles.
3. Assess survival odds under policy response and liquidity support.
4. Compare price to recovery value.
5. 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.