RE: Somehow We went up.... But tomorrow is looking bad24 May 2023 16:55
From CNBC:
“These debt ceiling negotiations tend to resolve in a last-minute fashion with concessions by both sides,” said Mona Mahajan, senior investment strategist at Edward Jones. “There certainly is a historical precedent of getting the job done, albeit, you know, there is some consternation and probably political theater leading up to the final resolution.”
An agreement could fuel a relief rally in equities but will likely dwarf previous instances given the smaller depth of the recent selloff, she added."
DYOR.