[Chart courtesy of MarketWatch.com] Moving the markets The debt ceiling drama is far from over. Even though the two parties have reached a tentative deal, they still need to pass it in Congress by tomorrow. But many lawmakers are not in town, and some Republicans are not on board. This could spell trouble for the compromise bill. The markets were …
ETF Tracker Newsletter For May 26, 2023
ETF Tracker StatSheet You can view the latest version here. MARKETS RALLY ON DEBT DEAL PROGRESS, BUT BEWARE OF FED, INFLATION AND BANKING BUGS [Chart courtesy of MarketWatch.com] Moving the markets The markets were in a cheerful mood for the second day in a row, as hopes rose for a debt ceiling deal that would prevent a default. The …
Nvidia’s Record-Breaking Day Overshadows Debt Ceiling Crisis
[Chart courtesy of MarketWatch.com] Moving the markets Nvidia stole the show today with its stellar earnings report, which sent its stock soaring 25% and added $200 billion to its market value. That’s the biggest one-day gain for any US company ever. The chipmaker also raised its outlook for the next quarter, thanks to the booming demand for artificial intelligence (AI) …
No Deal, No Hope: Markets Sink on Debt Ceiling Impasse
[Chart courtesy of MarketWatch.com] Moving the markets The markets were in a frenzy as the debt ceiling deadline loomed closer. Speaker McCarthy blamed the other side for delaying the talks and hoped for some progress today. Yeah, right. The uncertainty drove the investors to dump their stocks and bonds, sending the major indexes lower for the second day in a …
Debt Ceiling Drama Drags Down Markets
[Chart courtesy of MarketWatch.com] Moving the markets The clock is ticking for the US government to raise the debt ceiling, but there is still no sign of a deal. This uncertainty weighed on the markets, which closed in the red. Unless the politicians stop playing chicken and reach an agreement before June 1st, we could see more volatility and weakness …
Stock Market Wobbles as Debt Talks Fizzle, Bond Yields Sizzle
[Chart courtesy of MarketWatch.com] Moving the markets The stock market was indecisive today as investors waited for the outcome of the debt ceiling talks. The US government is running out of time and money to avoid a default that could shake the global economy. President Biden and House Minority Leader McCarthy are meeting today to try to break the impasse, …