How Will Higher Debt Ceiling Impact Markets?

Описание: (10/7/21) Will a lift in the Debt Ceiling provide a lift to Markets? Democrat hyperbole over crashing markets, debt defaults, and diving into depression was all just that: hyperbolic economic hypochondria: Those ills weren't going to happen. Markets did retest the major support of the last few days, and did rally back above the 100-DMA. This sets up the market for a rally to the 50-DMA as relief over the debt ceiling comes to fruition. Negative money flows have been improving, and we're watching for a MACD-signal crossover: A buy-signal would provide a trigger into the seasonally-strong period of the year. Caveat: There's much going on. We're looking for weaker Q3 earnings announcements, and forward earnings expectations will be key. Economic growth expectations are also dropping, which will weigh on corporate earnings, and limit stock price increases. Watch fixed-income for downward bias as the debt ceiling has been relaxed. Should the Fed begin to taper in November, that will exert more downward pressure, as well. We think less international, less emerging markets, and more domestic exposure in portfolios is the way to go.
Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts
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