I feel stocks should go up. reasoning inside# Stock
t*e
1 楼
If the deal is as it is whispered, the key point is the debt ceiling gets
increased by 2.4T. Though it is a two-step increase, both steps are
automatic. Unlike Boehner's bill, only garanteed a 0.9T increase, and the
second increase would be bonded to too many acts, which will lead to another
crisis in a few months. That makes the 0.9T teaser is like nothing to
address the concerns of the market. So, now it is 2.4T automatic, I expect
the market should feel released and respond positively on this.
There are pulls, like spending cut, no tax increase, this and that. But
those should be secondary impacts to the market.
increased by 2.4T. Though it is a two-step increase, both steps are
automatic. Unlike Boehner's bill, only garanteed a 0.9T increase, and the
second increase would be bonded to too many acts, which will lead to another
crisis in a few months. That makes the 0.9T teaser is like nothing to
address the concerns of the market. So, now it is 2.4T automatic, I expect
the market should feel released and respond positively on this.
There are pulls, like spending cut, no tax increase, this and that. But
those should be secondary impacts to the market.