Debt Ceiling Deal & The "Skip"
Members of Congress compromised to avoid default by putting a debt ceiling deal in front of the President last week.
Members of Congress compromised to avoid default by putting a debt ceiling deal in front of the President last week.
Some equity sectors rallied last week on positive news on the debt ceiling front.
Equities rallied last week, but saw downward pressure on Friday after debt ceiling talks stalled and the Treasury Secretary's comments on the banking situation.
Markets are stuck in a holding pattern as interest rates, the debt ceiling, and banking woes keep equities tamped down.
Equities were lower for the week despite the Fed hinting at a pause in future rate hikes.
Markets were mixed last week as tech earnings out-performed, but financial sector woes resurfaced.