The Debt Ceiling Deadline
The headlines around the debt ceiling and a possibility of a US default have been frantic. There’s talk of a June 1st deadline and a “72-hour” rule in the House. How will the markets react? Will Congress be able to come to a decision? In his typical, straightforward manner, Walter takes a moment to outline the timeline and probable result of the Debt Ceiling discussions.
The Silicon Valley Bank failure in early March has only exacerbated the difference between the S&P 500 and the equal-weighted S&P 500. The historic 7.52% spread is being driven by eight stocks. Walter incorporates charts and data points to explain the implications of this Mega-Cap mega-run and dives into what’s churning beneath the big names.