
D.C. Drama - Buying Opportunity?
The drama going on in D.C. over the debt ceiling is terrible to watch, but investors can't seem to take their eyes off the drama.
The drama going on in D.C. over the debt ceiling is terrible to watch, but investors can't seem to take their eyes off the drama.
Equities have rallied this week between 1 and 3%, depending upon which market index you're tracking.
Markets seem to be in a holding pattern as there is still uncertainty surrounding interest rates, banking solvency, and the debt ceiling.
The long-awaited "pause" in rate hikes by the Fed was met with a rather large "thump."
The most recent economic data and information points to a delicate situation for the markets.
For some strange reason, the Fed appears to be "hell bent" on raising rates next month.