8 days ago • Posted by Paul de La Baume
#debtceiling nearing deal $SPY $QQQ #trading #trending
US lawmakers are moving closer to a deal that would raise the debt limit for two years. While the deal is not quite closed yet, it appears that it's imminent within a few days. Markets may however somewhat sell off on the news of the deal, as these events tend to be priced-in in advance and traders often exit the trader after positive news. Today should see lighter volumes as traders may exit positions ahead of the long weekend. Also interesting to note that markets are now pricing a 4.96% year-end Funds rate, which means there are essentially zero interest rate cuts priced in the second half of this year.
