Debt Ceiling Update & Summer Catalyst Cheatsheet
By John Lau June 1, 2023 – President Biden and Speaker McCarthy agreed in principle to a two-year debt ceiling extension over the weekend, likely removing the risk of a debt ceiling breach. From a market standpoint, the news may cause a temporary knee-jerk rally, but I don’t think this will necessarily be a sustainable […]
Too Good To Be True?
May 30, 2023 Good morning, We enter this holiday shortened, final week of May with markets looking pretty good for the moment. Investors did not sell in May and go away. The debt-ceiling issue has apparently been resolved (Futures are up another +.50% this morning pre-market). Treasury yields have fallen across the curve and the […]