May 2023

Stock Market Preparation for Monday – Debt Limit Agreement Reached

An agreement to raise the debt limit has been tentatively agreed upon by President Biden (Democrat) and Congressional Leader McCarthy (Republican).  The agreement will now move to Congress for a vote, where both Republican and Democrat leaders believe they have enough votes for the deal to pass.  This is good news which should cause the markets […]

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Stock Market Preparation for Monday – Nvidia Earnings, FOMC Meeting Minutes, and PCE Inflation Data

Expect a very volatile week this week with strong technical resistance, the May FOMC meeting minutes being released, PCE inflation data coming out, and the debt ceiling limit looming on June 1. If last week taught us anything, it’s that the market can move up or down 2% on the slightest news of debt limit

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Debt Limit Talks Made Little Progress – Debt Ceiling Deadline Looms

Debt limit talks on Tuesday at the White House between President Joe Biden and Congressional leaders made little progress on Tuesday. McCarthy said they remain far apart and that an agreement might not happen. This was the last chance for a deal before President Biden leaves for an international trip. And as the debt ceiling

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